Tuesday, October 9, 2012

Messed up

IMF Sees ‘Alarmingly High’ Risk of Deeper Global Slump

The International Monetary Fund cut its global growth forecasts as the euro area’s debt crisis intensifies and warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies.
Comment: What we see is the consequence of a silly stimulus policy. A scam, indeed.
See my article from March 2010
The Stimulus Scam

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