Saturday, January 23, 2010
There isn’t enough money
Broad money shrank last month despite all efforts. "he UK couldn't settle its obligations today, not even if every saver agreed to give up their cash. Because the total volume of debt is greater by almost one-third than the actual volume of Sterling currently held here in Britain. " Or as Merv the Swerve pointed out, we need to concentrate a tad on exports. There was a nice report I read recently which pointed out that the countries dependant on resurgent exports are 70% of the global economy (i.e. impossible for everybody to be a net exporter). "UK deflation at home is guaranteed," . Hold onto your pants people!