When it comes to bad economic news it seems that old adage "misery loves company" holds true. Here are some of the headlines out of Britain this morning:Liberty losses soar to more than £2.7bn, RBS taps Treasury for a further £13bn: The beleaguered bank, already nearly 70% state-owned,House prices fall 1.8% in February: UK house prices continued on their downward trajectory in February. Economies are grim worldwide but next to Iceland the state of affairs in the British Isles is bleak. With all of Europe in a spinning vortex of deepening recession/depression the financial capital and money center of EuroLand, London is in dire straights. Political leaders talk of a "decade long" recession.
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