Friday, 21 March 2014

Has Britain become a nation of real estate agents? If so, then what hope is there for matching maturities of assets and liabilities and finally ending the permanent cash flow debt repayment crisis? Is British capitalism self destructing into money supply based wishes and dreams rather than business realities that provide good incomes.

Seems the bankers want a crisis forever.

Can't they see the problem and what is happening to the real economy of Britain. Can't they see unsustainability of the house building and a principal sector because it dies not provide competitive jobs. Who is going to pay for all the new houses and with what incomes?  What is the capacity to absorb new immigrants?

Has Cameron not learned the history of the causes of economic depressions and what caused the first and second Great Wasr or did he miss that university year?

Yankees can't be blamed this time or is that wrong because an 'inexperienced' Canadian / US banker is at the helm of the Bank of England?

No hope.... Naw..... None....

http://www.economist.com/blogs/buttonwood/2013/09/house-prices
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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!