The US/UK governments have only one answer to deflation: print money !
All this will do is create a yo-yo economy that swings between jobless inflation boom and deflationary bust until some supply shock (e.g. peak oil price spike) tips these economies into hyperinflation.
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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 ???
Sunday, 23 May 2010
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