If you’re of a certain age, you may recall the boom years. House prices were going to rise for ever. Alan Greenspan, mastermind of the US economy, was a genius. The “international community” was liberating Iraq. And presiding over this nonstop party was the boom’s poster girl, Paris Hilton.
Those glory days may now be returning.
The British and US economies, in particular, are no longer dead. In fact, British manufacturers haven’t expressed such confidence since 1973. The recovery should bring happiness. But it will do significant damage too.
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