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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