‘Cash generative’ Morrisons…

I heard on Radio 4 this morning that like any supermarket, Morrisons was ‘cash generative’. I’m sure it is. That is allegedly the simple appeal for the New York private equity bid – and allegedly, too they have ‘assured’ that they will not engage in property sale and leaseback or any similar sell-off. As Morrisons… Read more

The finance sector in the west is the enemy within

Professor Michael Hudson is interviewed on this week’s Renegade Inc and it is well worth the 29 minute watch. In a quick tour of the Chinese economic system Michael Hudson suggests that China is beginning to understand that private rent extraction has led to Western societal decline and thus it wants to avoid using property… Read more