Chuck Spinney: Be Very Afraid — Obama Kept the Debt He Promised to Write Down and Now Pressure is On for Governments to Sell the Commonwealth Piece by Piece
From the Bubble Economy to Debt Deflation and Privatization Michael Hudson, Counterpunch, 2013-07-05 The Federal Reserve’s QE3 has flooded the stock and bond markets with low-interest liquidity that makes it profitable for speculators to borrow cheap and make arbitrage gains buying stocks and bonds yielding higher dividends or interest. In principle, one could borrow at …