Monday, April 22, 2013

Accelerating asset price crash..

Urenco: UK Government Confirms Stake Sale

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.

Posted by stillthinking @ 02:06 PM (1335 views)
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2 thoughts on “Accelerating asset price crash..

  • lol – don’t worry, I’m sure enough QE cash will seep into the economy to take up the slack.

    Ooooo-errr missus, the price of tinned fish – I tell ye!

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  • We are in a mess because we borrowed too much…… for a variety of reasons.

    We need to sell some things to reduce the interest rate burden….. Like all fire sales, assets are sold cheap. I wonder if that was in people’s minds when they gave their blessing to so much borrowing?

    Similar situation as Greece, Cyprus, Spain etc, etc.

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