Tuesday 16 June 2009

Gordon Brown Helped Cause the Crisis. British voters have figured it out. Will Labour Party leaders?

Wall Street Journal Europe.
"Britain's economic downturn began when its house price and household debt bubbles inevitably burst, beginning with the run on Northern Rock in September 2007. These bubbles had swollen to higher levels, relative to average price and income levels respectively, than in the U.S. and other major economies."

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