Bank Profits a sign of economic sickness, not health

There is an interesting blog today by Steve Keen, which I think explains
quite a lot about our current predicament. Go to to read it, as well as
to see it reproduced on another very good, and wider, blog.

Keen refers to the situation in Australia, where he says government debt is
5.5% of GDP and private debt is over 150% of GDP. Of course both figures
are very different in the UK and the US, but I think his argument still

[Hat-tip: Tom Lines]

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