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Old 30-04-2012, 14:25   #15
Hugh
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Re: Sunday Times Rich List suggests UK's wealthiest defy recession

But it's not that simple, mertle - as Andrew Sullivan said in yesterday's Sunday Times
Quote:
What Krugman doesn’t acknowledge, of course, is that piling up more short-term debt to restore growth is a luxury most countries cannot afford.

The US is blessed with a global reserve currency which, even in the direst periods, attracts investors and keeps the cost of servicing debt relatively low.
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