I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Friday, 5 December 2008

US job losses reach 34-year high, World economy 'weakest since 30s', UK House prices still falling fast

US employers axed 533,000 jobs in November, the biggest monthly cut in 34 years, the US Labor Department said.


The United Nations says the world economy faces its worst downturn since the Great Depression.


House prices fell another 2.6% in November, the Halifax says.


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