The U.S. and the U.K. Will Both Default on Their Debt by the End of Summer 2009? : This evolution is likely to catch large numbers of economic and financial players on the wrong foot who decided to believe in today’s mainstream media operation of “euphorisation”.
Economy shrinks at fastest pace in 50 years: Britain's recession-battered economy shrank at its fastest pace in more than 50 years in the first quarter of 2009 in the worst global slowdown in decades, revised official data showed on Tuesday.
U.S. housing misery poised to enter new phase: Big risk factors that could spur more foreclosures include expectations of rising unemployment and the forecast resetting of interest rates on 2.8 million subprime and Alt-A mortgages in the next two years.
True or False: U.S. Economic Stats Lie: If Williams is right, unemployment is over 20%, gross domestic product is shrinking by 8% and consumer prices are jumping by nearly 7%. His forecasts border on apocalyptic.
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