Atoning for their mortgage and pension mis-selling scams has cost the UK banks billions, but their payouts perversely kept consumer spending alive. What happens now?
Geopolitics
Middle East Eye: EU Commission to send 50 million euros to Unrwa
The EU is growing nervous about its support of Israeli genocide in Gaza and has recommenced funding Unrwa. They also have the problem that Israel has provided no proof concerning Unrwa employees participated in the […]
Economics
Bill Mitchell: The last thing policy makers should be thinking about right now is creating a recession
Policy makers should ignore the noise from the financial markets and decline to ratify their gambling. They should be patient and let the supply side constraints ease as the pandemic eases. Their attention should be […]
Economics
Frances Coppola: Banks Aren’t Going to ‘HODL’ Bitcoin
New proposals from the Bank of International Settlements are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs. Read Here Photo: voytek pavlik available under the Creative Commons CC0 […]
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