An Imminent Collision
Dec 27th, 2007 | By Whiskey Contributor | Category: Macro Economics
ON DEC. 19, WE LEARNED THAT THE BRITISH GOVERNMENT’S guarantee to bail out Northern Rock’s creditors is worth a staggering £100 billion. That’s £5,000 [$10,000] per British household. This week, the European Central Bank made $500 billion available through money market operations. And only last week, $110 billion of new ...read more
