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
Eurostat: Eurozone inflation hits record high of 10.7%, growth nears standstill
Euro area annual inflation is expected to be 10.7% in October 2022, up from 9.9% in September Read Here
Economics
Kate Allen: No, the housing crisis will not be solved by building more homes
Acutally a book review, but it gets to the point very quickly. Read here
EU politics
Corporate Europe Observatroy: Open doors for forces of finance
‘Open door for forces of finance at the ECB’ reveals that the advisory groups counselling the European Central Bank are dominated by representatives of some of the most influential global financial corporations. Read here
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