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
Lee Jones: Coronavirus Is the End of the End of History
The coronavirus crisis, and its accompanying recession, will bring about a new political and economic order – but it remains to be seen whether the Left can rise to the historical moment. Read here
EU politics
Luke Stobart: The state vs people power in Catalonia
The grassroots Committees for the Defence of the Republic stand for a participatory society. Luke Stobart reports from Catalonia’s continuing independence struggle Read here
Political Parties
Tom Hazeldine: Fresh Disasters
A look at the crisis in the Tory party over Boris Johnson’s disastrous leadership. Read here.
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