Friday, Jan 15, 2010
Deleveraging
FT: Deleveraging out of the debt mire will be an unsavoury task
Article which may as well say our problems are just beginning. Conclusion for the UK is "outright default, inflation or belt-tightening.", but generating inflation isn't really possible during a recession so perhaps stagflation would be a better description.
Posted by stillthinking @ 01:28 PM (894 views) Add Comment
5 Comments
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1. Crunchy said...
Hyperinflation brought on by currency crisis. Period! (new global currency)
2. rumble said...
Timespan?
3. letthemfall said...
Interesting stuff. Aside from the confusion over the figures for a country's debt, it looks more and more as though we are at an economic impasse. Meanwhile our politicians, being politicians, trot out the same old "solutions" and the wealthy clamour for more, as the wealthy do. Great hopes for the future like Obama seem to be hesitating, or suffocating. What to do?
4. tenyearstogetmymoneyback said...
Going back to the earlier discussion on GDP, the question is what they actually mean by austerity.
Compared with what has been going on over the last decade it could be a 19" TV, Vauxhall Corsa and
yearly holiday in Exmouth.
Substitute Viva for Corsa and that's what we had in the 1970s
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