Sunday, August 7, 2011

Are We Heading For A Second Global Financial Crisis?

Richard Murphy

How far are we from #gfc2? For those not aware, #gfc2 is the Twitter hashtag used for "global financial crisis 2". And the question I ask is a real one. A couple of weeks ago I wrote a blog wondering whether July 2011 felt like July 1914. And then along came a Greek deal, and now a US debt deal, and you might presume I had been prematurely melodramatic. I wish that were true; I very much doubt it is..... Just to put this in context, the Guardian has reported that: "Stock markets took fright on Wednesday as fears grew over the health of the global economy and the ongoing European debt crisis.....

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