Monday, April 22, 2013
Accelerating asset price crash..
If I was in charge of a country facing a deflationary asset price crash I am not sure I would sell off the prime assets at bargain bucket prices just to ensure things steamed ahead even faster. Fortunately in this case the UK government will be ultimately liable for any costs arriving from decommissioning the plant, as the owners of a limited liability company can just throw their hands up at any point. This may be more likely for cleaning up 4 square km nuclear plants. I don't know. However, the government will doubtless print some cash in the future or our fantastic growth will be so fantastic nobody will care or notice. So some cash now. Bingo!. Then more cash spent later on the clean up (literally). Boo. Plus don't go near there.