Global trade collapsing

Britain showing signs of heading towards 1930s-style depression, Bank of England says

The country is displaying early symptoms of being trapped in a so-called "debt deflation trap" where families find themselves pushed further and further into the red every month, according to a Bank report published today.

//snipurl.com/e0x99



UK: Unemployment among young workers hits 15 per cent

Embarrassment for Brown as new figures set to show jobless total has hit 2 million.
//snipurl.com/e0xa8



Global trade collapsing

U.S. exports falling at 49% pace as customers fade away.
//snipurl.com/e0xc6



Completed Foreclosures Hit New High in February

Even pre-foreclosure filings hit a new high, rising to 207,703 in February, up 24 percent from 166,860 in January and nine percent from 190,467 in December, the previous high.

//www.thetruthaboutmortgage.com/completed-foreclosures-hit-new-high-in-February/



Ghost Town: An American Nightmare

Wilmington, a small town in America's Midwestern rust belt, was home to the world's largest private airport. Then recession struck.

//snipurl.com/e0xe9



U.S. credit card defaults rise to 20 year-high

"There is a continued deterioration. Trends in credit cards will get worse before they start getting better," said Walter Todd, a portfolio manager at Greenwood Capital Associates.

//www.reuters.com/article/bondsNews/idUSN1639142420090316?sp=true


From Information Clearing House



//freepage.twoday.net/search?q=unemployment
//freepage.twoday.net/search?q=global+trade
//freepage.twoday.net/search?q=foreclosure
//freepage.twoday.net/search?q=recession

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