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  • Wall Street Breakfast: Must-Know News [View article]
    I was looking for the G20, when they met some months back, to come out with a coordinated stimulus package. Cerntainly they would see the importance of this coordination given the globalization that has taken place and the danger of trade wars given this global recession. It didn't happen.

    Eventhough I really believe that equilibrium will eventually take place with the bad businesses going chapter 11 in the long-run, I would love to see a global Keynesian-type stimulus package just once in my life time. I would be Keynesian, if every country had net savings and not so much debt. That's why the Keynesian model, I believe, will never work.
    Feb 05 11:06 am |Rating: +2 0 |Link to Comment
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