5 years ago
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Next financial crisis 'has begun and will be worse than 2008 crash,' economists warn
The beginnings of another financial crisis are already in motion - and it will be worse than the global meltdown of 2008. That's the opinion of one of the select band of economists who predicted the 2008 economic collapse, which started with the bankruptcy of Lehman Brothers bank a decade ago and ended up affecting every country in the world. Ann Pettifor predicted that crisis in 2006, more than two years before it actually struck.
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So companies with low credit ratings can borrow a lot of money, but I still can't get a mortgage for a 1 bedroom studio flat that looks like a shithole because I'm not earning enough income.