Submitted by admin on Fri, 03/06/2009 - 14:53.
It seems that we are heading towards the ultimate recession. A perfect storm where growing environmental problems at the same time as the global financial crisis paint an ever gloomier picture.
Leading researchers warn that countries have been living way beyond their means with their overuse of natural resources. Many UK home owners have certainly lived beyond their means and accummulated huge debts, finding themselves in negative equity and at risk of being repossessed.