The Euro and the Economic Landscape: Two Sober Assessments [View article]
If you get sick and take medicine, you will be better in a week. If you get sick and just go to bed, you will be better in 7 days.
All this stimulus is like trying to treat the flu with amphetamines. You may keep the patient up and moving for a while, but you've done nothing good for his overall health, and in fact the end result may be much worse than doing nothing.
I expect a short-term "improvement" in the economic crisis in the first half of 2009, followed by a nasty hangover in the second half.
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If you get sick and take medicine, you will be better in a week. If you get sick and just go to bed, you will be better in 7 days.
Jan 03 01:54 am
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All Comments by Kunst »The Euro and the Economic Landscape: Two Sober Assessments [View article]
All this stimulus is like trying to treat the flu with amphetamines. You may keep the patient up and moving for a while, but you've done nothing good for his overall health, and in fact the end result may be much worse than doing nothing.
I expect a short-term "improvement" in the economic crisis in the first half of 2009, followed by a nasty hangover in the second half.