Stephen Lewis Quotations
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Account Quotes
Wherever the capital inflows come from, it is clear that Iceland would not have been able to run so large a current account deficit without them and would have had to curb internal demand a while ago. The same is true, of course, of the U.S. (and of the U.K. for that matter). The key question in these instances is how reliable the capital inflows are.
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Achievement Quotes
Gordon Brown's proudest boast is that, during his stewardship, the U.K. economy has consistently grown from one quarter to the next. The Bank Governor seems to be saying that this achievement was primarily a 'nice' decade phenomenon, and not the hard-won and well-merited result of outstandingly successful policies.