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
Media
Robert Reich: Why Elon Musk has blocked me on Twitter (and now owns the joint)
This isn’t about freedom of speech. It’s about power. Read Here So let me get this straight: Elon Musk thinks "cancel culture" undermines democracy and calls himself a "free speech absolutist," but he's threatened to […]
Economics
Shaun Richards: The ECB has set itself up for a disastrous policy error with echoes of 2011
Yesterday turned out to be quite a day in central banking terms. There is much to say about my home one as in the Bank of England, but the truth is that even the extraordinary […]
Economics
Bill Mitchell: Government goes missing in the European Union
What is wrong with Europe these days is its structures and cultures have combined to create dysfunctional responses from government to crises. Read here
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