EconWatch.com > UK economy in 'worst crisis' in 60 years

All Breaking News[All Breaking News] Britain is suffering fallout from spiralling energy prices and the global credit crunch. House prices are plummeting for the first time in more than a decade, and the fast-rising cost of fuel and staple foods has pushed inflation to more than double the government's two percent target.

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The 5 Min. Forecasthttp://www.agorafinancial.com/5min/consumer-debt-fdics-problem-list-camels-gustavs-vipers-and-more/ [The 5 Min. Forecast] Consumer Debt, FDIC’s Problem List, Camels, Gustavs, Vipers and More!: “The fallout of the credit crisis,” Temasek, Singapore’s SWF, announced this week, “will continue to dampen the global economy over the next 24 months, with sharply escalated oil and food prices beginning to test inflation expectations.”

Redordnancecase's Webloghttp://redordnancecase.wordpress.com/2008/07/23/3/ [Redordnancecase's Weblog] “Consensus” on Man-Made Warming Shattering: it plans to offer a 50Mb/s service later this year to 12 million UK consumers, but when you bear in mind the unlikeness of BT actually getting close to 100Mb/s as a sustainable rate, along with the fact that it won’t be available until 2012, it makes you wonder if they can’t work together a bit more effectively to spread the cost. - Paul Lester [BT] BT broadband fiber optics

Tom Hull[Tom Hull] Arsenals of Folly: Barnet, approaching the question from another angle, notes that although the United States "came out of World War II the most powerful nation on earth -- perhaps, briefly, the paramount nation of all time -- it has not won a decisive military victory since 1945 despite the trillions spent on the military and the frequent engagement of its military forces." What the United States got instead of victory, Barnet writes, was a national security state with a permanent war economy maintained by a military-industrial complex -- much like the Soviet Union in those departments, but with a far greater reserve of resources to squander. "The national security state structures could not accomplish their task unless the American people were socialized to accept the idea that the only peace possible is a form of permanent war. 

Aftquillanzebadiah's Webloghttp://aftquillanzebadiah.wordpress.com/2008/08/30/quarter-streamlined-ventilation26-2007-06-30-20/ [Aftquillanzebadiah's Weblog] Quarter streamlined Ventilation#26 (2007-06-30): Installment 30(purchasing agent staples: XLP, VDC, RTH and IYK)The Enjoyer Staples portion ETF(XLP) was awake+0.22 pct W/W in order to come together at$27.05, unless It don’t necessities against hype in connection with a come in as respects six cents.

brothersjudd Bloghttp://brothersjuddblog.com/archives/2008/08/nothing_costs_more_16.html [brothersjudd Blog] NOTHING COSTS MORE...:: Ulrich Leuchtmann at Commerzbank said in a note he expected the dollar to rise “like a phoenix”. He said low US interest rates were not a burden on the dollar but an attraction, proof that the Federal Reserve was able to react quicker to turmoil than other central banks.

Everyone's Blog Posts - The Watchmenhttp://watchmanwhatofthenight.ning.com/xn/detail/1668045:BlogPost:9702 [Everyone's Blog Posts - The Watchmen] GMO News: There are a number of governments on the ropes, and I think there's more political fallout to come." Indeed, as it hits developing nations, the spike in commodity prices has pitted the world's poorer south against the relatively wealthy .

Economics in the News[Economics in the News] UK Economy Sails into Choppy Waters: The fall out from the global credit crunch. My second risk is the effects of the credit crunch affecting many parts of the global economy not least financial markets and businesses in the UK.

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