Broad Oak Magazine

Showing posts with label UK debt default. Show all posts
Showing posts with label UK debt default. Show all posts
Tuesday, August 25, 2009

Debt, unemployment and escape routes

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Interesting observation by Steve Keen : unemployment correlates closely with the amount that debt contributes to demand in the economy. Let ...
6 comments:
Saturday, February 28, 2009

And now, the bad news

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The top five U.K. banks have $10 trillion of assets and their GDP is only $2.13 trillion. The whole country could fall into the ocean. The t...
Wednesday, February 25, 2009

Theft by inflation has begun already

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The UK Debt Management Office website shows that a UK Treasury bond offering 5% annual interest is, because of its current traded price, act...
1 comment:
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