Monday, Aug 11, 2008
Yawn - please tell me something I didn't know!
Citywire: Years of stagflation ahead, warns AAA-rated veteran manager
'Stagflation is a real possibility for the next few years,' he says. However, he says that if this situation does arise, it should not go on for as long as it did during the 1970s."
Unfortunately, he made a good start - but failed when he turned over the question paper - saw the intricacy of the initial question - panicked - then totally lost the plot.
Oh, well, what is new also, as far as, recent glubbermint decisions are concerned. No, let me substitute “recent” with “complete.”
Posted by paranoia blue @ 04:18 PM (203 views) Add Comment
1 Comment
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1. Eternal Sceptic said...
'In the political area we may see a lot of Keynesian-oriented policies. Infrastructure is a big target, which we have to fulfil and could be a big possibility to solve problems. It will provide a lot of jobs for people, not just in India and China, but also in the US and Europe.' he says. 'Even here in Germany, which is a transit country for taking goods from the east to the west, we meed more streets and autobahns.'
Looming energy shortages -so build new roads?
Makes as much sense as building a third runway at heathrow for parking redundant planes.