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European Japanisation Threatens Uk Recovery

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I say 'Japanisation' bring it on, since their house prices have grown 36% since 1975 in nominal terms and ours have grown 2000%. Curiously though we love to big up inflation on here giving the inflationary hedge of assets and especially houses kudos and good propaganda for filling your boots with debt because inflation will take care of it.

Just love it if debtors didn't have the inflationary get out of jail free card issued by the MPC.

Edited by crashmonitor

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I have to assume that any article that includes the line "Mr Carney’s prize of balanced, sustainable growth comes from" must be sarcasm, but anyway.

Essentially 21st century anglo-american neo-liberal economic programme's are no more complex than "import more consumers"

Doesn't boost per-capita GDP, means higher house prices and lower wages, but the fat cats are happy.


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