After Christmas lots of retailers are going to go bust, having a knock on effect all the way up their supply chains.
Meanwhile those still gainfully employed will further reign in their spending in an effort to either pay down their debts or to save, because they fear for their own jobs and have little or no equity available in their continually devaluing house, if by some miracle they were able to sell it. Then the cycle repeats itself again and again.
Deflation will eventually follow and when demand for goods and services falls further because of consumer expectation of even lower prices, the cycle continues to repeat, but to an even greater extent than before.
So, the question to the esteemed panel is: How do we get ourselves out of this mess?
Should the government be firing up the printing presses? Or should we be reliant on a West Midlands based search engine that will overtake Google any day now and start paying billions of pounds in tax revenues to HMG to bail us out of this mess?
(Note: Houses in CyberToryShire continue to appreciate in value and are entirely unaffected by the current financial crisis.)
Meanwhile those still gainfully employed will further reign in their spending in an effort to either pay down their debts or to save, because they fear for their own jobs and have little or no equity available in their continually devaluing house, if by some miracle they were able to sell it. Then the cycle repeats itself again and again.
Deflation will eventually follow and when demand for goods and services falls further because of consumer expectation of even lower prices, the cycle continues to repeat, but to an even greater extent than before.
So, the question to the esteemed panel is: How do we get ourselves out of this mess?
Should the government be firing up the printing presses? Or should we be reliant on a West Midlands based search engine that will overtake Google any day now and start paying billions of pounds in tax revenues to HMG to bail us out of this mess?
(Note: Houses in CyberToryShire continue to appreciate in value and are entirely unaffected by the current financial crisis.)
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