Twenty Years of Monetary Failure, The Deindustrial Revolution, Arab Autumn
Interest rates policy has bedevilled the West ever since Alan Greenspan first put the Fed on the floor in the wake of 9/11. With rates finally returning to realistic levels, we're seeing the impact of what you might call a two decade bubble: banks being squeezed to breaking point.
Philip Pilkington is angry at what he sees as central banks using their rates policy as a thermostat 'to turn consumer demand up or down'.
Meanwhile, Germany has just recorded a ten per cent dip in industrial output - the largest fall on record. After WWII, Roosevelt's Secretary of State Hans Morgenthau once wanted…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.