Do you think Goldman Sachs, the investment bank should be able to pay bonuses to their staff? And what about mega bonuses? Perhaps there are some who might disagree but Goldmans have demonstrated a real skill at navigating their way through extremely choppy waters. Bonuses are there to reward success and the results they are about to announce are definitely a manifestation of that. And on the housing market? Fitch say there is to be a further housing market crash. Unless there is a significant rise in interest rates or unless the economy generates a lot of longer term unemployment I think this could be a headline grabbing move by the rating agency… I personally think this is unlikely. Housing prices are not just related to income but a whole wider range of factors. It is also worth mentioning that although there may be some wobbles along the way – meltdown and major correction is unlikely… UNLESS as I say the factors above come to be a reality.
David Buik from BGC partners joined me to discuss the week’s business news and give some thoughts on the week ahead. Markets? Likely to rise given the strong expected results from the American banks.
Kevin Gibbons the head of online search team at SEOptimise joined me in the studio www.seoptimise.com for more details and also I was joined by Simon Mansell the MD of TBG London www.tbglondon.com
I also spoke to Mike Fairman the CEO of GiffGaff.. a new company that wants your help! Do go and join them… www.giffgaff.com
I shall be back with you for breakfast next Saturday and for free podcasts… www.lbc.co.uk/jamesmax