Ann Pettifor

Anglo-American Financial Crisis

No way to run an economy

Ann Pettifor: September 24, 2009 As world leaders meet in Pittsburgh and then Istanbul (for the World Bank and IMF meetings) expect much self-congratulation and back-slapping for having got the world through the post-Lehman crisis. But behind the cacophony of self-praise, watch out for three alarms flashing red: The escalating foreclosure and rising mortgage delinquency …

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The Motley Fool, plus You and Yours on Radio 4

The Motley Fool, September 2nd, 2009 Motley Fool blogger TMF Sinchiruna spotlights the Times interview, describing me as “once ridiculed, later vindicated…” TMF Sinchiruna goes on to say: “Peter Schiff, Jim Rogers, Niall Fergusson, Ann Pettifor … these are the voices that I believe investors need to hear. Turn off the tv and look deep …

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Times: Worst of slump yet to come, says economist

Article Published in the Times, September 1st 2009. Photo by Jon Enoch. Ann Pettifor predicted a painful end to the good times. Now she says that only radical action can prevent further gloom Phil Thornton Ann Pettifor is a member of a select club — the seers who saw it all coming. Now the economist, …

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How globalisation ends: Debtonation Day, plus two

From Open Democracy: August 13, 2009 “A single day, 9 August 2007, will go down in history as ‘Debtonation Day’ – the beginning of the end of the deregulation and privatisation of finance that marks the era of globalisation.” I wrote these words on 13 August 2007, in anticipation that the great stock-market collapse of …

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‘Radicaal? Dat is de crisis ook’

De Standaard:  Brussels 18th June, 2009. Interview:Ann Pettifor over de ‘Green New Deal’ — BRUSSEL – De westerse overheden moeten dringend de hand aan de ploeg slaan en de almacht van de financiële sector inperken. Dat vindt Ann Pettifor, econome en activiste. Van onze redacteur Weg met de banken, leve de overheid. Als je het …

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No, the Recession is Not Over

Ann Pettifor – 11th June 2009 – For the Guardian Online. http://www.guardian.co.uk/commentisfree/2009/jun/12/recession-economic-crisis A banker, Alan Clarke of BNP Paribas, citing a NIESR report, confidently tells the Guardian that the recession is over. Should we take the word of any banker – especially one that claims to be an economist – seriously? Given that the economics …

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Iceland – a country of proud, indebted people

Ann Pettifor – 12th May 2009 Have just returned from a flying visit to Iceland, where I was mightily impressed by the warmth and strength of the Icelandic character. Also struck by the pride Icelanders have in the way the financial crisis deepened and strengthened their democracy – leading to the ousting of a corrupt …

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Restoring Faith in Finance

Debtonation Readers: This is the full version of my latest blog for Huffington Post:15th March, 2009 Once a-ponzi time, millions worshiped at the feet of the Wizards of Finance.  These Wizards preached an economic religion that promised security and an abundance of riches from the ‘Emerald City’ — Wall St. Investors following this religion were …

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Quantitative easing (QE) made easy

by Ann Pettifor, 8 March, 2009. There is much confusion about the meaning and impact of QE. This is an attempt to summarise what it means, what it does not mean, and how it can be effective in preventing insolvencies by lowering interest rates. I am indebted to Graham Turner of GFC Economics for sharing …

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