I got this link from Steve Keen, whose Substack is worth subscribing to. Ted Cruz has claimed that the Federal Reserve should stop paying banks
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People still like to talk about having ‘money in the bank’. But they haven’t. They just have a bank statement from a bank, with a
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The idea that bond vigilantes can set government policy suits the City and neoliberal politicians, who’d like it to be true. But is it? This
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This video was actually recorded about three or four days ago, before the furore about pensions that has erupted here over the last couple of
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Uninsurable houses as a result of climate change will be a disaster for homeowners, banks, governments and the whole of society. Are we ready for
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As The Guardian reports this morning: Fred “the Shred” Goodwin, the disgraced ex-boss of Royal Bank of Scotland, is estimated to be receiving an annual pension
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A savings glut creates global economic instability, and that’s precisely the problem the world’s got right now. The question is, what are we going to
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The FT has reported: The Bank of England is exploring ways to relax ringfencing rules that force UK lenders to separate their retail operations from
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As Phillip Inman noted in the Guardian yesterday: How can the Bank of England avoid being a loyal and trusted friend to Nigel Farage? That’s easy.
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