The same problem exists in the uk and Europe is now facing negative rates, The U.K. rather than provide stimulus has gone for austerity which in turn fuels a lower wage economy so we are in a race to the bottom, stimulus if done in the right way keeps people in employment paying tax in as the economy improves you take the stimulus
Ila's back to pay the deficits , this is a total why the conservatives hate this policy and opt for sheer ausrity by crippling and finding any means to get money back from civic services does who are then put out of work drive the fuel for the deficit rising, the banks have walk away now they have been funded and are not putting the money into new business unless they get equity in your house, this is not business funding that they are doing its personnel loan secured in your house so it's win win, second it now costs a first time buyer upwards of 30.000 pounds to get a loan for a house so we now have people who will have to live with mum and dad well into their late 30s forget renting as this eats away at any extra money you could save. So hold on tight this ship is going down no matter what the captain says
You are viewing a single comment's thread from: