Ellie Mae O’Hagan writes that the Tories are politically prepared for another economic crisis, should one hit. Looking at the lack of profitable opportunities for capital presently, the ongoing investment strike, stock markets that went up and then came down, and the inflating credit bubble you’d be daft to rule one out with certainty over […]
Posts Tagged ‘Crash’
Now they’re aiming to go back to non-prime mortgage securities which caused crash
Sep 10th, 2015 by Michael Meacher.If you want evidence of how reckless and desperate bankers and investors have now become in search of higher yields, look no further than the widespread decision to return to a variant of the mortgage-backed securities which precipitated the 2008-9 crash. Then it was sub-prime securities which were knowingly sold to households handicapped by low […]
So there won’t be another crash?
Dec 31st, 2013 by Michael Meacher.It’s not often I agree with Gordon Brown – indeed I can’t remember the last time I do so – but I think he may be right when he predicted earlier this month that the global economy may be heading for another meltdown. He said, rightly in my view, that the lessons of the 2007-9 […]