There was heavy overbuilding in Spain as the global housing bubble caught fir there these past years. Now, Spain’s bubble has burst and it is having dire economic consequences. The Spanish National Statistics Office released the most recent unemployment figures showing an enormous jump from 8.6% to 9.6% in one month, the largest [...]

I have been in Europe for a while and am back at blogging after a two-week hiatus. This morning I was listening to “Wake Up To Money,” a British finance show that one can hear via podcast. The gist of the discussion was that the UK economy is slowing markedly with consumers really [...]