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STEPHANIE FLANDERS: It's borrowing and debt driving Britain's recovery | This is Money
2015-07-31T14:44:13+00:00
http://www.thisismoney.co.uk/money/comment/article-2587392/STEPHANIE-FLANDERS-Why-borrowing-driving-UKs-recovery.html
asterisk2a
2015 recovery UK austerity fiscal policy monetary ZIRP NIRP QE debt-fuelled debt monetisation monetization economic growth multiplier productive investment asset allocation distortion speculative bubbles hunt for yield current account deficit savings rate servitude household mortgage market Taper credit card consumer debtoverhang sovereign crisis Super Cycle public private bubble NPL Makers Manufacturing STEM George Osborne short-term thinking view David Cameron Career Politicians No Representation stimulus IMF OECD Toff Privileged Establishment social mobility downward Gini coefficient fairness error folly interest groups democracy tension cohesion budget2015 general election campaign promises competitiveness competitive flat world borderless global trade structural imbalance Impediments secular stagnation Richard Koo deflationary deflation inflation expectation targeting disinflation Mark Carney BOE balance sheet recession deleveraging history faultlines imbalances industrial output gap productivity
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