Where the wheels are coming off

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It seems that most people are in 'ten years after the crash' mode. I'm pleased to note that some are in the here and now as well.

Today may be busy for a while as I am in Edinburgh for a lunchtime gig at the Book Festival so let me just offer links to two things worth reading.

One is from Bill Mitchell on why German infrastructure is crumbling. The German obsession with balanced budgets, or surpluses, is coming at a cost: the country is literally falling apart.

And then there is Larry Elliot on where the next crash is coming from. He has a unique and new thesis and it's plausible.