Quantitative Easing - Surely Quantitative Madness
Friday, January 16th, 2009The very fact that the government are having to print money to negate the effects of deflation shows how ill our economy really is.
Sterling could come under emormous pressure, and ultimately hyper inflation.
And if our current economy comes under inflationary pressure in its current state, requiring higher interest rates we could see 10% unemployment, business failures on a scale unseen in our lifetimes and a level of government borrowing that would take decades to sort out.