Saturday, February 03, 2007

Record Number of British Insolvencies-Despite Boom

The U.K. economy is growing at a fairly decent rate-yet personal insolvencies still rose 59% last year, to a new record high. The reason is of course the ever growing debt burden. This is another example of how strong economic economic growth fueled by structural factors and/or further credit expansion can mask an increasing number of malinvestments.


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