Another day,
another crash, another disaster in the pensions funding. The politicians have
been playing the pensions industry for a long while and the strains are showing
in many ways.
Deficits
and profits do not go together according to City Unslicker in the web site
Capitalists At Work. This is turn becomes a major drag on the economy and
investment.
Moreover,
Quantitative Easing, QE, is at the root of it in the impact on interest rates
and monetary movements as well as the balance sheet effect.
In short the
magic money trees by their growth have done what fast growing trees introduced
into a forest usually do. They crowd out the other trees.
And when used
the smoke gets in the eyes.
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