If we can’t have decent growth to get us out of the proverbial, inflation is the next best thing.
Ask anyone who was around in the last three recessions – a little inflation along with low interest rates and a weak pound can work wonders.
But to counter inflation late next year we will see interest rates at a level where banks can again make a fortune from lending.
A boom will follow for a few years, with some entrepreneur heroes emerging. Then, a few years later and just when we’re least expecting it – bust. Such fun on the merry go round.
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