DemolitionRed
05-07-2017, 01:50 PM
First to threaten interest rate rises. (https://www.theguardian.com/business/2017/jul/04/bank-of-england-michael-saunders-interest-rates-mpc-brexit) Second it is threatening to reduce the availability of credit. (https://www.theguardian.com/business/2017/jul/04/bank-of-england-steps-up-scrutiny-of-lenders)
1.
Real wages are falling (http://www.dartmouth.edu/~blnchflr/papers/db%20rc%20sm%20real%20wage%20update%20may%202017%2 0final.pdf)
2.
Personal debt is rising.
3.
We now have inflation directly caused by declining wages.
4.
Brexit is just around the corner.
Surely now is not the time to try and restore market normality. Are they engineering a financial crisis?
1.
Real wages are falling (http://www.dartmouth.edu/~blnchflr/papers/db%20rc%20sm%20real%20wage%20update%20may%202017%2 0final.pdf)
2.
Personal debt is rising.
3.
We now have inflation directly caused by declining wages.
4.
Brexit is just around the corner.
Surely now is not the time to try and restore market normality. Are they engineering a financial crisis?