We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
Read here
Positive Money: UK consumer credit approaches 2008 peak
EU politics
Chris Dillow – Stumbling and Mumbling: Corbyn’s success: centrists’ failure
Dillow cites the creation of a proletarianized professional cadre as a political game changer in the UK Read here
Economics
Reuters: Lira plunges more than 7% as Turkey edges towards free market
Erdogan seems to be responding to his election victory by retreating towards more ‘orthodox’ macroeconomic policies. Read the article HERE.
Economics
Cédric Durand: Crisis in slow motion?
Durand writes in Sidecar about the meaning of the latest crisis of global finance. Read the article HERE.
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