Are We Heading For A Second Global Financial Crisis?

By Richard Murphy, Comment Is Free
Posted on August 4, 2011, Printed on August 5, 2011

How far are we from #gfc2? For those not aware, #gfc2 is the Twitter hashtag used for "global financial crisis 2". And the question I ask is a real one.

A couple of weeks ago I wrote a blog wondering whether July 2011 felt like July 1914. And then along came a Greek deal, and now a US debt deal, and you might presume I had been prematurely melodramatic.

I wish that were true; I very much doubt it is.