
"Additional fiscal stimulus — and not fiscal discipline — is the way out of the crisis for both Europe and the United States, Soros said in a speech at Columbia University on Tuesday.
"Deficit reduction by a creditor country such as Germany is in direct contradiction of the lessons learnt from the Great Depression of the 1930s. It is liable to push Europe into a period of prolonged stagnation or worse."
That is in direct contradiction of the policies being pursued by the Tories in Britain, and their right-wing, populist co-thinkers in Europe, and in the Republicans in the US.
Meanwhile, Joe Stiglitz, has warned that the Currency War, I have previously spoken about, which is being fought out by each country printing more and more money, in order to lower the value of its currency, is throwing the global economy into chaos.

Meanwhile, the US Fed's, Evans argued that much more QE was required by the Fed to stimulate economic activity in the US.
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