Day: 28 July 2013

This blog has set these four countries, each in various stages of state failure, together because they share several common factors which many readers will be able readily to set out. There is one element which particularly concerns this blog. They are all, to a greater or lesser extent victims of the abject failure of […]

Before we judge the worth of the marginal growth in the economy in the second quarter we must consider two factors. Before the crash a good deal of economic activity was heavily leveraged and driven by debt; therefore in part it did not truly exist, any more than wealth devalued by massive debts. It is […]