Slower Chinese growth and the woes of Germany’s auto industry are sending the economy into recession.
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Austerity
Frances Coppola: The terrible price of austerity
Was Hitler the product of austerity? In her blog Frances Coppola asks if austerity played an important role in Hitler’s rise to power. She comes to the conclusion that it did and warns: “Learn from […]
Austerity
Trades Union Congress – Unsecured debt hits new peak of £15,400 per household – new TUC analysis
With dpressed wages the question was, how can workers buy the products that capitalists produce when they had so little money in their pocket? The answer: credit. Read here
Economics
Bill Mitchell: Eurozone anti-fragmentation confusion – its really simple – the ECB has to continue to fund deficits or kaput!
The ECB knows what it has to do and continue to do – fund the fiscal deficits irrespective of what smokescreen it erects to call it something different. Read Here
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