Recession in the air, negative equity, banks with burned fingers, credit still very tight, the pound under pressure and the Chancellor preparing to borrow a billion pounds every week. Welcome back to the 1990s
Read full article...The Bank of England looms over the City like a vast cheese-mould, full of economists, who are the mites in the cheese. This is not their best moment
It always was an illusion that soaring house prices would make us all rich. Inflation cannot do that. It can only redistribute wealth between the winners and the losers, says Christopher Fildes.
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