Wed, 15/03/2023 - 16:37

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]

The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.

Mon, 06/03/2023 - 22:43
Kendall’s attack on Tory killing of over 40,000 care home residents in the pandemic doesn’t go far enough – and it ignores Labour’s cheerleader role as Johnson-Hancock policies caused even more deaths Right-wing Labour MP Liz Kendall has tweeted a video of herself pointing out the Tories’ lie about throwing a ‘protect ring’ around care […]