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How to Protect Yourself From the End of America
The current economic problems have their roots in one major thing: the vast expansion of debt in the United States over the last three decades. Americans have borrowed far more money than they can ever hope to repay. Much of this debt is tied to residential real estate, but there are also record amounts of credit-card, commercial real estate, and public (state and federal) debt.
When Will the Global Recession End?It came as no surprise yesterday that the UK is now officially in a recession. With the economy shrinking in the third quarter of the year, the economy certainly hadn’t improved in the final three months of the year. The economy contracted by 1.5% in the final quarter of the year, having shrank 0.6% in the third quarter. These figures confirmed that despite the government’s attempts to stimulate the economy through measures such as a cut to VAT and capital injections into the banks, and the Bank of England’s historic interest rate cuts, the economy shrank at an accelerated pace.