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Junior G-man posted:Well, we can create more debt-driven demand, but uhhhh .... even that's now reaching its limits. Household debt is still ballooning everywhere, and especially the UK is trying to cover it by inflating another housing bubble (can't go wrong, that!). It's not just the UK, Canada and Australia are also inflating housing bubbles. I don't know a lot about the Australian case but in Canada it's essentially being done to allow debt-laden consumers to continue spending even while underwater because there's nothing else driving any economic growth at all.
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Jan 21, 2016 17:49
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| # ¿ Apr 28, 2024 00:32 |
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