UK economy close to ‘escape velocity’, say top economists – Telegraph

Team Colinked, United Kingdom

Team Colinked, United Kingdom (Photo credit: ImagineCup)

This is an excellent, MUST READ article from the Telegraph.

via UK economy close to ‘escape velocity’, say top economists – Telegraph.

If the article is to be believed David Cameron’s Government have carefully crafted a debt fuelled consumer spending boom based on expected house price inflation. This same government are the arch champions of austerity.

What about economic fundamentals like investment, exports, improving the UK’s competitiveness etc.?

It all smells to me like a pre-election gambit – more smoke and mirrors. If you want to focus on the real economy, take a look at John Gelmini‘s blog entitled “UK Government and Chinese Debt Crisis

Any thoughts?

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The Fed Fumble – Paul Krugman –

English: "Paul Krugman lectured on "...

English: “Paul Krugman lectured on “After Bush – The End of the Neo-Conservatives and the Moment for the Democrats” to over 500 guests in the jam-packed big lecture hall at the German National Library in Frankfurt” (Photo credit: Wikipedia)

This is a short, MUST READ blog from Nobel Prize winning, liberal, economist, writing in his op-ed column in the NYT. Check it out!

The Fed Fumble –

If I understand the conclusion correctly, Krugman is alluding to White House gossip undermining the credibility of the Fed; this could easily cause a serious financial market reversal with a crisis in confidence, in my view. Let’s see what happens with today’s Fed announcement.

Any thoughts?

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