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RichM

The Us Rope Trick, Or How To Keep The Dollar Up

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The US rope trick, or how to keep the dollar up

With interest rates rising, and house prices in some parts of the US at unsustainable levels, Godley et al are right to bet on a period in which individuals will borrow less and save more. But in those circumstances, consumer retrenchment coupled with a whopping trade deficit would spell deep recession unless one of three things happened...

Grauniad economics editor agrees with us that (in the US at least) it doesn't make any sense, which is some consolation for the lack of big, recognised drops.

Madness, it's all madnes...

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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