May 22

Interest rates 0.5%, commodity prices rising, cash stockpiled by banks and corporates yet little lending or investment happening unless you count crazy casino banking as investment. Who in their right mind would suggest making money any cheaper and more QE – de facto a devaluation, reduction of saved wealth and a redistribution to Banks and Bankers?

The Head of the IMF. No really. Really that stupid.

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Jun 05

As Labour Party supporters gleefully cheer a double dip recession and Tories celebrate the pain to be inflicted on the public sector and poor by that and the spending cuts all I can ponder is the future. Continue reading »

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