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This is what Mark Carney knows but dare not say out loud
• British people are saving less of their money now than they did in the financial crisis of 2008. • Consumer debt is very high. UK consumers owe a lot of money • There is no wage inflation. • This is what a credit bubble looks like, and Governor Mark Carney knows he must deflate it, somehow. • The obvious solution is to raise the minimum wage substantially. • That would make the cost of investing in work higher, forcing a reallocation of capital away from marginal businesses that only exist because wage levels are low. Investment would flow toward businesses whose profits are substantial enough to ... (full story)
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- Aug 6, 2017 10:27am Aug 6, 2017 10:27am
- barkie
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- cliffedwards
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- cuchuflito
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- itso1
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- jimr
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- epson
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Aug 6, 2017 6:35pm Aug 6, 2017 6:35pm
- CannonScout
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Humans are naturally hardwired to avoid and detest uncertainty.
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- lasty
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- michaeltank
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- Trainman
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Sure I have a trading plan. Buy low. Sell high. What's yours?
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- oBarbosa
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- cliffedwards
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- stars1985
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I need the magic ball