Ann Pettifor

Real reasons to panic

Wolfgang Munchau writes intelligently today for Eurointelligencewarning of three real reasons to panic. One: a US recession is now imminent, and is going to be painful for the global economy; ‘soft landing’ talk is self-serving and reckless; second the threat of a ‘severe financial crisis in the global credit markets’; and third, the failure of …

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Is the lending bubble bursting?

Are the rumbles that started in Florida and the West Coast housing market last year, and that culminated in HSBC’s recent announcement of losses in its sub-prime lending business, turning into the earthquake many of us have long predicted?…Judging from wild swings in both stock and currency markets yesterday and today, reality seems finally to …

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Gleneagles, 7/7 and Africa

By Ann Pettifor, Open Democracy, 19th February, 2004 The effect of the London bombs was to aid the powerful and damage the weak. Campaigners for global justice must not be deflected, says Ann Pettifor. Read the rest of this post… read more