Tuesday, May 26, 2009

Japanese Style Deflation For the UK?

Renegade Economist Talk Show

House prices, hyperinflation and how to become an export nation again....

Posted by neo-serf @ 01:54 PM (934 views)
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3 thoughts on “Japanese Style Deflation For the UK?

  • Hold on a sec fred, the other week you said that HPrices would bottom in 2010 ….. hmmmm.

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  • japanese uncle says:

    This man seems to be one of the few economists who know what they are talking about. The only thing that bothers me is that he mentioned, ‘we start to build ships and tanks’.

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  • mark wadsworth says:

    As JU says, Fred is tip-top man, but he does overlook that the slump in UK manufacturing is not in output measured by value, but by employment – because wages are so high here (exacerbated by National Insurance), UK manufacturers have to be hyper-efficient with automation, or concentrate on very, very high end stuff.

    But bring on Japanese style asset price deflation – I’m happy to sit tight as long as it takes.

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