Following the meltdown of Bear Stearns, the 5th largest US investment bank, the impact of the US Credit Crisis reaches epic proportions.

Yesterday the money markets of the world tumbled: FTSE plummetted by 3.9%, Nikkei dropped 3.7%, Hang Seng 5.2% down, Sensex 6.5% down and South Korea, Singapore, New Zealand and Australia markets all dropped.

- One of the world’s biggest Futures brokers, MF Global shares fell by a dramatic 80%.

- Fears for other banks are gaining momentum, with Lehman Brothers looking vulnerable.

- In the UK Halifax Bank of Scotland (the country’s largest mortgage lender) fell 12.8%, RBS down 8.7%, Barclays down 9.4%

- With 1.4 million home owners with fixed rate mortgage deals due to end this year, the ripples of the US Credit Crisis are moving ever closer to home.

Lord Nigel Lawson, the Chancellor during the Black Monday crash in 1987, said “…worst financial crisis the world has seen since the Second World War”

Land is not as volatile as the financial market.

For more information on land investment click here