Is the United Kingdom entering its own Great Depression? The signs say that this is a possibility. Britain is now encountering a situation where it is stuck in debt deflation. Debt deflation is a combination of falling prices and rising debt burdens similar to the Great Depression. Things look worrisome as of late and even though things do not seem as bad now as they do in the United States, there are clear signals from the reports of different departments that things ... Read More

  The recent cut in the interest rates could not make itself felt in the market this past week. The modest trading could not be enhanced by the half point cut offered by the Bank of England. The institution’s interest rate now is already at 1.5 percent, which records as its lowest ever since 1694. The atmosphere in the market as of the moment  shows no signs of lending boom between banks or ease the on-going recession. FTSE index fell back to 4448.54, a ... Read More