In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst?
Read the article HERE.
Ann Pettifor: On the bursting of bubbles
Economics
Chris Dillow: House prices: who wins, who loses
Of course, house prices are a deeply political issue. But let’s be clear what the division of interests is. It is not young versus old, but rentiers versus the rest of us. Read Here Photo: […]
EU politics
Owen Jones: Look at Tory Britain. No wonder people yearn for solidarity
Though Thatcherite individualism has taken a heavy toll on us as a nation, it is now becoming clear that there’s another way Read here
Geopolitics
The Cradle: Trump cuts funding for PA security forces as part of foreign aid freeze
The Palestinian Authority is seeking to prove its usefulness to Israel to obtain a role in governing Gaza Read HERE
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