Major revaluation of products and services
posted on Friday, 30th April 2010
So: whatever happens in the election there is a real problem in funding the UK, in my view..
There seems to be a gap in the value paid for products and services and income at the moment, a severe revaluation of the most important things can't fail to take place. With everybody worried about paying the bills and large cuts on the way prices can't keep going up.
A point will be reached when demand failure starts, this is likely to revalue services and wages in a big way. Austerity is just a word at the moment but it's certainly one step on from the Double Dip recession and I think we've got to go through that first.
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