Bitstring , from the wonderful person BigGirlsBlouse said
>It seems to be succeeding, but can it last? With £1.5 trillion of
>debt, little inflation, and very little
>advance in salaries.From Armageddon to growth in 10 months seems
>incredible.I had been expecting 3 years of doom and gloom.
>
>I agree with you... but take quantitative easement.... in Zimbwawe they
>have tried that for years..and where did it get them?
>Last time we tried this was 1976 and I well remember the 26% inflation!
>....... thats if the resurgence is entireley due to this, but if not
>what else?, because if so where is the money coming from?
I think the REAL problem starts when the (next) government tries to extract enough taxes from individuals & companies to (roughly) balance the budget, &/or makes properly redundant some of the 30%+ of the workforce that they currently employ, using money they don't have.