British Prime Minister Gordon Brown is going on a stimulus tour. In an effort to get a global consensus or a multi-national fronted thrust for greater fiscal stimulus and better financial regulation, the Prime Minister is calling on heads of states to follow his and US President Barrack Obama’s example. Just like President Obama, Brown believes that more spending and perhaps a sustained fiscal stimulus will help solve the economic crisis or at least minimize the effects of it on the people. ... Read More

Shaken, not stirred. That’s the status of the Government bonds of the United Kingdom after the UK Treasury failed to sell all of them for the first time since 2002. Apparently, the recession is hitting on all cylinders now and what used to be “sure things” are now also failures. Previously, the UK Treasury wanted to sell 1.75 bln Pounds of 40 year old bonds but they were not able to sell them all. According to figures, they were only able to sell ... Read More