THIAGO BRAGA – PÂNICO – 11/08/22

Statistics show that there has been an increase in the number of home repossessions in the UK during quarter three of this year due to the increased mortgage interest rates, as well as the global credit squeeze. The number of repossessions increased 1% between July and September of this year, compared to the same time period last year, to 34,717 repossessions. Conversely, the number of repossession orders has decreased by about 1% compared to quarter three of last year because repossession claims did not result in repossession orders.

This article makes certain connections between the U.S. economic recessions of past 30 years and draws some conclusions about where America’s economy and politics may be heading. Officially there have been four U.S. recessions in the last 30 years – each with distinct economic and political ramifications. This article gives a brief overview of the recession of the early 1980s. Three subsequent articles will provide the same level of respective analysis for the recessions in the late 1980s, the 1990s and at the beginning of the 21st century, with a fifth and final article detailing any correlations with the current economic slump.