Hammond hires HSBC 'economist'…
“It's again a story of managing to keep the recovery hobbling along but due to much more stimulus both from the ECB and government spending. Less private sector expansion, more public sector expansion, and all the while we're just muddling through. We're not solving some of the key underlying problems, such as income inequality, high unemployment, and a disenfranchised youth — which is what is fuelling support for populist parties around Europe. And as we've seen with the UK last week those risks can materialise — so this remains a very precarious calm.”
What about your role in all that? The total failure to reform banks? The massive credit expansion? The eye-watering rent seeking? The taxes on production and subsidies to landowners and banks? The total screwing of the poor and the prudent for the benefit of the already rich and parasitical speculators?
Another remainer or at the very least anti-leaver 'economist' from the same serial inflationist home-owner-ist club as all the rest of them.