Eh?

the economy but the reality is that a falling pound, caused by Brexit, whilst there is rising consumption, fuelled by debt, means we will have a growing trade deficit

Trade deficits are caused by declining currencies, are they?

3 comments on “Eh?

  1. This is Elynomics.

    You have to buy the same quantity of stuff that you used to buy but now that quantity of stuff costs MOAR because your money is worth less. Cost in pounds and hence trade deficit UP!

    The good bit is you just “create” MOAR money and that’s OK because not Weimar, Zim or Venezuela which are examples of NLS (neoliberal sophistry).

  2. Truly a wondrous individual. There is no beginning to his understanding. Blessed are the students of City to be taught by such a total moron.

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