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.
Spending your way out of recession.
Aug 30, 2009
3 Replies
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?
We were in John Lewis (Southampton) on Saturday and there were no signs of a recession. In fact the whole town was packed with spending shoppers.
Could it be people who were short of cash and intending to take a UK holiday this year were trying to cheer themselves up by blowing what holiday savings they had, not having been able to take a summer holiday away at all because of the dire weather ?
Derek
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