The Interesting World of Finance & Banking

Interpreting information can be enhanced with the use of context, relevance and perspective. In the post CC (credit crunch) world we now inhabit - assuming the worst has passed, of course, swallowing much of what we read can be difficult without a liberal splashing of these three important tools of analysis. In this blog we will attempt to dissect and question mainstream media and specialist press stories from the world of finance & banking as well as follow interesting related threads.

Wednesday, September 2, 2009

Personal debt shrinks for the first time on record

I have been following the monthly reports from Credit (surely debt?!) Action for over a year now. The statistics are always sobering, but for the first time since the Bank of England started to record it, personal debt has contracted.

http://www.creditaction.org.uk/september-2009.html