BOE Expands Economic Bailout; ECB Holds Steady
http://online.wsj.com/article/SB125741247322330459.html?mod=djemalertNEWS#articleTabs%3Darticle
As with the US, is Britain just pumping in liquidity that is pushing on an economic string?
Are either economies sufficiently competitive to bring back employment? At some point taxes are too high, labor rates and benefits out of whack and even with low to extremely low capital costs, entrepreneurs don't see the point in getting going.
Eventually all those low cost dollars have to come back and chase too few goods.
If those goods are all imported, then the currency has to keep going down and the cycle will eventually burst.
Is anything being done to encourage business growth and establishment?
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