Here’s a quote on the United Kingdom’s apparent economic recovery from Jens Larsen, a former Bank of England economist who now works at the Royal Bank of Canada. “The absence of those strong headwinds and the presence of some tail winds from accommodative policy is what is driving this growth.” ….I thought I’d share that with you. Answers on a postcard, please! However, much as I hate to disagree with an economist (because we remember ALL of their  their wonderful predictions): This transient and “virtual” recovery, like so many others IS FUELLED BY DEBT (expensive money) on the consumer side (you and me) and Quantitative Easing (cheap money) on the Banking and Investment side…..Déjà vu anyone?

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