Wednesday, Sep 09, 2009
The UK has already used up its conventional policy ammunition. The cupboard is bare.
Independent: What happens to us if everyone else rushes for the financial exit?
"What if they (other nations) collectively felt that the industrialised world was over the worst and that it would no longer be appropriate to bail economies out through unusually lax fiscal policies or unusually generous monetary policies? The UK would then be on its own. It would also be in big trouble. The UK desperately needs the help of other nations to pull itself out of the recessionary mire."
Posted by wanderinman @ 10:23 PM (441 views) Add Comment
1 Comment
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1. mander said...
It is sad to depend on others. And to sacrifice the vlaue of the pound it in order to start manufacturing here it is not wise. With the 30% pound devaluation we could have bought a lot of goods arround the world where there is overproduction anyway. Investing in wise things or technology where British hold the patent is a diferent story.