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“Who will succeed in reducing their public fiscal deficits? Pretty much any country with private surpluses has a fighting chance: Germany, France, the Netherlands, Belgium, the UK, and the US even (on the corporate side). The problem is that policy makers can’t just tell the private sector to start dissaving. Well, it can, but incentives may be needed,” argued Rebecca Wilder in this thoughtful guest contribution. [...] More on this topic (What's this?) Who’s saving where? (Wall Street Sector Selector, 10/12/10) Debt of Ponzi-like Western Economies are Unsustainable, says Hedgie Kyle Bass (GreenLightAdvisor Views, 11/20/11) Geithner Pushes for Cap on Current Account Surpluses (naked capitalism, 10/23/10)
By Cees Bruggemans, Chief Economist of FNB. Like defrosting a fridge after too much ice accumulation has started to interfere with its working, so the economy was for long frozen over and in need of reinvigoration. Such overly frosty condition we call recession. When accompanied by much earnings collapses, employment [...] More on this topic (What's this?) The Secret to Gold Prices: Real Interest Rates (Wealth Daily, 1/20/12) A Misconception about the Value of Bonds (Michael James on Money, 1/18/12) Sorry Inflationistas, But This Chart Proves You Were Wrong (Wall Street Daily, 10/21/11) | |||||||||||||||||||
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