Saturday, January 19, 2013
Mine the economy, leave before the explosions damage your CV
Our new BoE governor (Â£874k p.a) is leaving the BoCanada just as Canada's housing market wilts and the its economy goes into recession. But why did so many economies blow bubbles, and produce similar 'remedies', at the same time? Central bankers meet regularly and the writer argues that blowing bubbles, was part of a bigger plan, centred on them, to restructure economies in favour of the wealthy.