Note, I'm not talking about what's rational here, but about what's perceived by the "market", picking up on ThatBritGuy's meme which I find useful.

The point about nominal growth is well taken; therefore, the markets need to be convinced that the monetary authorities will ensure nominal growth. (are we there yet?...)

Likewise, my prescription for restoring faith in real growth, or at least a sustainable market environment, requires instilling faith in the markets that energy needs will be catered to at predictable prices. This requires clear public policy, and probably massive public investment.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}