For some time Richard has been saying that the recession we are facing will be worse than the official forecasts suggest, precisely because those forecasts cannot tell it like it really is, and because the economic impact of the coronavirus lockdown has yet to be fully seen because companies have yet to run out of money and furlough has yet to end. He discusses the consequences in this video.
We are witnessing a COVID-19 driven explosion in inequality. This week, Oxfam released its annual report, Inequality Kills, showing that the pandemic is killing at least 1 person every 4 seconds, while the ten richest […]
The coronavirus has shut down factories and air travel globally. It’s shown us how brittle the world’s supply chains really are. But is it also being used to camouflage a decade of central bankers’ monetary […]