Showing posts with label stagnation. Show all posts
Showing posts with label stagnation. Show all posts

6 Oct 2015

IMF warns of stagnation - NOT amateur radio

See http://www.theguardian.com/business/2015/oct/06/imf-warns-stagnation-threat-g7-economies .

OK this is the Guardian and it is a paper of the left, but this is worrying.

The growth in the west is not based on firm foundations. For a long time I have advocated living within our means and not on borrowed money at low interest rates. This will not last.

At some point debts have to be paid.