I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday, 27 April 2010

Central Banks Aim To Reinflate Bubbles

Central banks have puffed hard to reinflate the bubbles that got us into so much trouble last time. Except the next time they burst, there'll be even less monetary and fiscal ammunition to deal with the mess. How do you cut interest rates with double digit inflation ??? How do you increase borrowing when you can't pay the interest on the current debt ???

Jeremy Grantham:


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