If you're worried about the close connection between negative household savings in the United States and world economic instability, you need look no further than the ‘sub-prime lending' crisis of 2007, an instructive lesson in how quickly a set of apparently unrelated factors can combine to produce the threat of financial meltdown.
Earlier this month small savers in the UK queued up 1930s-style outside the branches of Northern Rock, one of Britain's many building societies which (muc...
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