Saturday, September 19, 2015
Libby economics go mainstream
I told you so, and don't hate to say it. Carney has literally defrauded the vast majority of homeowners who have rushed into fixed term rates that will look expensive once deflation has set in and rates have to be cut. This comes hot of the heels of Yellen disappointing with no change on dollar rates, warning about negative rates to come. A wave of new technology and globalisation of labour markets is collapsing the price of doing business, leading to soaring house prices, plummeting mortgage costs and actual increase in disposable income for the first time. National debts for A rated countries will become assets as they start to yield interest, whilst these countries are forced to slash taxes to spurn demand whilst debt piles begin to reduce and increasing resources go to infrastructure.