Friday, 10 July 2009

Either-or

What happens When Economic Stimulus Does Not Stimulate

Either you end up with another bubble – and "the bubble is back," says Bernard Hickey, "long live the bubble.".

Or you end up with “serious stagflation.” “I predict a miserable decade of economic stagnation [for the US],” says Robert Murphy.  And when the US catches a cold . . .

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