Reply to: I think we will be ok

[sasguru]

Shoes with big heels - check

Nah I'm not Sarkozy ...ridiculous little man.

[Zippy]

5'11'

Shoes with big heels - check

[Diver]

That's ok, we can just print more money

You are Gordy, and I claim my free book of asylum vouchers

[Mich the Tester]

Didn't they wait until they were well into a horrific deflationary spiral before they fired up the printing presses though?

I had some onion soup yesterday and found myself in a horrific deflationary spiral shortly afterwards.

[Menelaus]

Didn't they wait until they were well into a horrific deflationary spiral before they fired up the printing presses though?

Yes, and whilst as a consequence stopped the horrific deflationary spiral they did move into a wildly stagflationary decade.

[sasguru]

Said in small, quiet voice ... Japan?

For better or worse Japan and Germany don't have the same spending patterns as the Anglo-Saxon economies.
look around you - restuarants are full again, they were empty last year. Retails sales robust. Heck even the scrappage seems to be working.

[Mich the Tester]

Said in small, quiet voice ... Japan?

Shut up!

The difference is, Japanese people are sensible. Give them free money and they put it in the bank and save for the future. British people get the dosh and go and buy another buy-to-let or a car they can't really afford. Boom time returns with inevitable crash shortly afterwards.

[DiscoStu]

If I remember correctly, doesn't shoring up the economy like this lead to a deeper and longer recession in the next crash?

That's ok, we can just print more money

[Menelaus]

If I remember correctly, doesn't shoring up the economy like this lead to a deeper and longer recession in the next crash?

WHS.

[DiscoStu]

Said in small, quiet voice ... Japan?

Didn't they wait until they were well into a horrific deflationary spiral before they fired up the printing presses though?

[Diver]

Bollux to you.

When was the last time billions were pumped into the economy?

Boomed I tell yer! fill yer boots! All hail Gordo!

If I remember correctly, doesn't shoring up the economy like this lead to a deeper and longer recession in the next crash?

[sasguru]

Oi Sasguru! How tall are you?

5'11'

[Menelaus]

Bollux to you.

When was the last time billions were pumped into the economy?

Boomed I tell yer! fill yer boots! All hail Gordo!

Said in small, quiet voice ... Japan?

[Zippy]

Oi Sasguru! How tall are you?

[Mich the Tester]

I'm going out to dinner tonight to one of the best fish restaurants in Holland. It'll only help the Dutch economy though.