Debt disaster: How the Budget will stuff more money into the pockets of the financial sector
Why are we pumping billions into debt when there's another way to finance public investment?
Why are we pumping billions into debt when there's another way to finance public investment?
Last week, tremors that had been rumbling through the financial markets since the turn of the year came to the surface.
Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.
Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?