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.
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Positive Money: UK consumer credit approaches 2008 peak
Economics
Bill Mitchell: The transitory inflation conjecture gains even more data credence
International economic data suggests the supply drivers of inflation may be abating. Read the article HERE.
Finance
Reuters: Swiss watchdog to propose looser anti-money laundering rules for fintechs
Having lost much business due to new banking rules with regard to illicit money, Switzerland is looking for ways to regain lost business by dreating new legal loopholes. Read here
Finance
Veronika Merkova: “We, The Ants Of This World, Have Common Goals.” – Workers In Greece Take On Gig Economy Bosses
“Without the union our victories would not have been accomplished, and our employers would still be bossing us around in the most arrogant way.” – Veronika Merkova reports on the fight for unionisation & workers […]
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