Debt is like minor toothache; you can get worryingly used to having it but will rarely forget it’s there. And for increasing numbers of us in the UK, it’s how we fund our day-to-day lives. Yet, no one talks about …
China’s economic plan is bankrupt
Over recent months, the mainstream media has been overtaken by fears of a debt crisis in the developing world. The rapid interest-rate rises implemented by Western central banks have refreshed memories of the Eighties, when a similar tightening cycle precipitated …
America’s fake bankruptcy crisis
Economic Armageddon, we were told, was only a few days away — possibly even as soon as Thursday. It would be, warned US Treasury Secretary Janet Yellen, “an economic and financial catastrophe”. Was the panic justified?
It seems not. After …