After making huge gains and in a sky rocketing economy, reaping the benefits of globalization for 15 years, with housing prices sky high the famously open economy booming from free flow of capital and services globally, housing and financial markets are in a headlong race to oblivion.
Sounds like the familiar tail of the U.S.A. and it could well be, but this is the tail of Great Britain, who like it's American ally has plunged headlong into global markets and the new financial world order, and it's a complete melt down.
While Asia and India are economies based on the natural resource of cheap labor. Russia and the middle east have the oil, and the UK and USA have there bankers and mounting debt.
UK turning into a globalization loser: James Saft | Special Coverage | Reuters
Sounds like the familiar tail of the U.S.A. and it could well be, but this is the tail of Great Britain, who like it's American ally has plunged headlong into global markets and the new financial world order, and it's a complete melt down.
While Asia and India are economies based on the natural resource of cheap labor. Russia and the middle east have the oil, and the UK and USA have there bankers and mounting debt.
UK turning into a globalization loser: James Saft | Special Coverage | Reuters
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