Sunday, March 29, 2009
G20 – Stabalise the world or bust
Another article from the Telegraphs economist Ambrose Evans Pritchard drawing analogies with how the world failed to act at the start of the Great Depression and what will happen if they fail to act now. It would be interesting to get some reasoned, non political argument as to what impact this event will have on UK house prices if one of the following three scenarios happen: a. An agreement is reached for coordinated action and reflation of all economies (deficit and surplus). Which we know could lead to worldwide inflation and house price losses will be less in actual terms than in real terms. b. The usual promises are made with no substance (as before). c.Blatant divisions emerge that cannot be healed: Thus becoming the turning point of real protectionism.