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Frightening that policymakers don't seem to recognize it, but Spain finds itself in the same...

Frightening that policymakers don't seem to recognize it, but Spain finds itself in the same dynamic as Greece where more austerity - by squeezing the economy - actually worsens the country's fiscal position, which just draws calls for even greater austerity. Talk about a negative feedback loop. Earlier, the IMF put on paper what everybody already knew - Spain will miss its budget targets for the next 2 years.
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Comments (2)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    There are all sorts of things that "policymakers" don't recognize, and the ones who do are generally too cowardly to say so in public.
    9 Oct 2012, 08:29 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2006) | Send Message
     
    Short with EUO and DRR and staying short until the pressure on the E$ slack. Gonna head to about 1.20. If it breaks that, I dunno, but when I see 1.20, I will put in a trailing stop, but happy enough to see 1.20.

     

    Capt. Brian
    The Lost Navigator
    9 Oct 2012, 08:40 AM Reply Like
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