Western public sector debt should worry us all
With debt costing more to service and running at almost 100 per cent of GDP, it is clear that things cannot go on as they are.
With debt costing more to service and running at almost 100 per cent of GDP, it is clear that things cannot go on as they are.
Unfortunately, there’s every chance that a desperate government will let Thames Water dump the debt onto the state balance sheet.
Despite vastly differing predictions, the US has maintained strong growth in a volatile world and that shows no sign of stopping.
Neil and Jonathan talk to Jonathan Portes, economist and (in his youth) a Treasury civil servant who worked on the water sale, about what went wrong with privatisation and how to fix it.
For the first time in many years, the front end of the bond markets are looking as compelling to investors as they are to traders.
The US regional banking crisis refuses to die down meaning the tightening cycle maybe not be quite as over as most had thought.
The firm’s chairman should forget all the nonsense about outside investors because once the partnership is broken, the magic will be smashed forever.
The financial crisis and the pandemic have lifted the ratio of US public debt to GDP from about 40% in 2007 to just under 100%.
The President will try to persuade the politically vulnerable Leader of the House that it’s not worth blowing up the US economy over partisan wrangling.
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