Is the GFC over – or are we waiting for a repeat performance?We can’t know yet for certain. The banks in the United States and the major economies of Europe have been rescued from bankruptcy by large injections of government money. For the moment, their capacity to destroy the real (that is, productive) economy has been halted.But manifest financial sector problems remain to be fixed, both inside and beyond the US. Those European nations within the EU’s currency union are of notable concern. The…
