Wednesday 3 April 2013

Britain will avoid triple-dip recession: Survey - Business Line

Britain should have the recession while people reduce their debt burden forcing firms to be more efficient?

Controversial?

We still have been creating more debt with growth unfunded by income growth!  A housing bubble now would be insanity. 

Get those per capita incomes up!

Economists should know the consumption function explained by Keynes is real. Consumption that is income determined is safer than consumption based on debt growth and expectation of low interest rates forever!


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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!