Tuesday, May 22, 2012

It's Just A Badge Of Approval From The Confidence Fairy

The Tories treat their borrowing cost as some sort of sticker of appreciation, a badge of honor from The Markets. That low borrowing costs should encourage them to borrow and fix their economy does not occur.
The UK government should take advantage of its record low borrowing costs to stimulate the British economy, if growth continues to disappoint, IMF chief Christine Lagarde.