The UK economy is in the midst of a double dip recession – its first since 1975.
“The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.”
UK manufacturing is slowing down drastically increasing fears for growth. Despite this Prime Minister Cameron does not plan to abondaon [...]
Start of Quantitative Easing. On Tue November 25, 2008 Federal Reserve announced the purchase of direct obligations of housing-related government-sponsored enterprises. The program included the purchase of up to $100 billion in GSE direct obligations and purchase of up to $500 in MBS. The S&P500 closed at 851.81 on Nov 24, 2008 (the low was [...]