Showing posts with label Public Finance Initiative. Show all posts
Showing posts with label Public Finance Initiative. Show all posts

Saturday, July 19, 2008

Should sterling now decline against the US dollar?

Mish thinks so, now we've decided to borrow our way out of a recession.

Also interesting to hear the discussion on Radio 4's Any Questions, where the assertion that Gordon had stuck to the EU's "40% of GDP" borrowing guideline wasn't challenged by anyone, despite the massive off-book PFI financing.