Ann Pettifor: Debtonation

January 27th, 2016 On Thursday 21st January, Ann Pettifor appeared on Al Jazeera, along with Vicky Pryce, chief economic adviser at The Centre for Economic and Business Research, and Anastasia Nesvetailova, director of the City Political Economy Research Centre at City University in London. Presenter Nick Clark asked them to discuss why the global economic system lurches from one financial crisis to another, and whether another crisis is imminent. Watch the full discussion here. 

January 14th, 2016 Figure 1 source: @SoberLook @SoberLook yesterday shared this chart of collapsing UK inflation expectations from Barclays Research UK, heightening fears of a deflationary spiral. As noted in an earlier blog, the year 2015 began with the Chancellor, George Osborne ‘welcoming’ the news that inflation had fallen in December to 0.5% – more than 1% below the official target. The FT declared that “this is almost certainly “good deflation”.   Jittery stock markets are now...