Look for cigarettes to be pushed. And all this healthy living stuff? All that is going to do is increase life spans and eventually increase the health costs anyway.
I still the easy way out is hyper-inflation.
parsy, who says again he hopes he is wrong.
inflation now would help. It would increase home values and stop everyone from going under water. We are in an asset deflation!
The country is in a margin call, as the assets drop and the debt doesn’t. I do not know why they haven’t done that. Monetize more of the debt (by buying it with new money.)
The Germans are largely at fault. They insist on keeping the EURO strong. Stupid. Germans don’t care if there’s a depression. They will just deport their guest workers.