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
EU politics
BBC: Standoff as Italy stops male migrants from disembarking rescue ship
The corks are flying in Brussels. Now they can have their dirty work done and blame it all on an illliberal government. Read Here
Economics
teleSUR: President Maduro Confirms Venezuela’s Application to Join BRICS
During the TV program “With Maduro More” broadcast on Monday night, President Nicolas Maduro expressed that Venezuela hopes to join the BRICS, an economic cooperation group led by Brazil, Russia, India, China, and South Africa. […]
Economics
Frédéric Lordon: The French Uprising
On Monday, 20 March, the homepages of the French national news sites were overcome with excitement as they reported on the vote of no-confidence in the government: tallying how deputies were likely to cast their […]
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