250 billion debt how do we pay it back?, page-23

  1. 428 Posts.
    Hi Doc,

    Agree. Dopey. Don't promise what no government could deliver. Both do it and it always comes back to bite them. For example, Howard and his interest rate pledge. Fast forward 10 interest rate rises on the trot. Governments will always have a somewhat limited effect on both prices and interest rates, but a short term shift in fortunes and their event horizon's seems to narrow to about 5 minutes.

    Peter
 
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