Friday, January 8, 2010
That’s right
Time is running out for make-believe economics
Today’s bizarre combination of exceptionally low interest rates, strongly rising asset prices and spiralling budget deficits is not remotely sustainable. Unless something is done soon, there will eventually be an even worse crisis than the one we’ve just been through.
Posted by devo @ 08:47 PM (1451 views)
One thought on “That’s right”
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alan says:
Is there anything to be gained by waiting till summer for an election. Call it now!
From Dave’s point of view, if the rating agencies cut our AAA status, it will be a killer blow to Gordon Brown’s cabinet. Hewitt and Hoon will no doubt say in their memoirs…” I told them so”.