Achtergrond bij Beleggen op de golven Waar zijn we op de golven? Waarom gaan de aandelenkoersen al lang zo veel omhoog? N.B. dit blog is à titre personnel en hoeft de visie van BMO Global asset Management niet weer te geven
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31 oktober 2011
Hoge inflatie loont voor Britse minister van Financieën
Misdaad loont, zo kun je de plaatjes van HSBC (Karen Ward) interpreteren. De inflatie laat men uit de hand lopen (via verhogingen van de BTW o.a.) en daardoor vallen de belastinginkomsten mee. Schuld/BNP valt hierdoor mee in het VK.
Dit is een gevaarlijk spel: als de inflatie te lang boven 4% blijft loopt hij vanzelf uit de hand à la de jaren 70. Dat weet men in het VK, maar inflatie is zo pijnloos om de schulden in toom te houden.
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