An economic recovery based around high debt is really no recovery | Larry Elliott | Business | The Guardian

KW: There is a lot of ‘well informed’ people predicting gloom and doom and tht is easy to do. Other evidence points to more prosperous times continuing. I look at just how much debt has been issued to corporations buying back their own shares, 100’s of billions worth of debt now on company balance sheets just so top executives get their bonus payments. That is what I think is fake.

Ten years after the Lehman collapse the necessary reforms to a flawed model have not taken place

Source: An economic recovery based around high debt is really no recovery | Larry Elliott | Business | The Guardian