New Deal

Now, this sounds like New Deal. In Britain. The british goverment is planning huge roads scheme for England. That means a lot of jobs in building and construction. Is this huge sucking sound of deflation looming over western economies ( watch for house price plunge in the months and years to come) ? Is this backup plan for the world economy after more economic mess to come ?
This is an extraordinary plan which means huge goverment expenditure.

Comments

[taylor]

nice blog