By John Richardson THE whole point about debt is that it should be sustainable. You should only lend or borrower money if you are entirely convinced that future economic conditions – i.e. future demand – justify your commitments. Nice theory, shame about the practice. If lenders and borrowers badly misjudge future real demand then we […]
Asian Chemical Connections
“It’s the level, stupid – it’s not the growth rates….”
…..said Mervyn King, governor of the Bank of England Source of picture: northbriton45blogspot.com ANY excitement over US house-price figures for July – which showed the biggest monthly gain for years when they were released yesterday – has to be put into the kind of context that undermines a lot of recent positive economic numbers. The […]
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