Tweet
http://www.bloomberg.com/news/2012-0...-this-may.html
http://www.guardian.co.uk/business/2...pes-us-economy
The problem is this, the average Limey is SO in debt that if inflation kicks off there is no way he can pay his day-2-day costs, thus he defaults on his home loan. If they don't print, they run out of cash......
Rock, meet hard place.
Mike
http://www.guardian.co.uk/business/2...pes-us-economy
The problem is this, the average Limey is SO in debt that if inflation kicks off there is no way he can pay his day-2-day costs, thus he defaults on his home loan. If they don't print, they run out of cash......
Rock, meet hard place.
Mike