Ann Pettifor

Financial Crisis

Fannie and Freddie impact will be global, systemic

Fulfilling my duties as a citizen, I am now confined to the Southwark Crown Court as a juror, so have little time to update the blog. However the effective insolvency of two US government sponsored banks or enterprises (GSEs) – Fannie Mae & Freddie Mac – will now impact not just all those US individuals, …

Fannie and Freddie impact will be global, systemic Read More »

Debtors (and banks?) ‘crucified’ on inflation cross

The FT reports today on a debate economists are having with the Bank of England (BoE). To summarise: the Bank of England does not seem bothered by falling house prices; economists are. This is a very important debate for all those that have debts – because while house prices are falling, the debts on those …

Debtors (and banks?) ‘crucified’ on inflation cross Read More »

Free fall – in a nutshell

My friend the formidable economist, Mark Weisbrot put it most succinctly. “Since the U.S. economy showed positive growth for the last quarter, some commentators in the business press are saying that we are not necessarily going to have a recession, or that if there is one it will be mild. This is a bit like …

Free fall – in a nutshell Read More »

New Labour lags behind the times

The Guardian reports today that one of Tony Blair’s key allies, Phil Collins, has bravely attacked Labour’s weakened leader. Collins singles out Old Labour’s ‘faith in the ‘benign’ power of the central state’ and suggests that Ed Balls’ policies for children will set the party on a path to tragedy. When the most ardent of …

New Labour lags behind the times Read More »