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Archive for June 2010

Will eurozone crisis go global?

Interesting BBC discussion on the potential global implications of the eurozone crisis, with British economist Philippe Legrain, Italian politician Emma Bonino and Irwin Steltzer of the Hudson Institute. I doubt if enlightened government action is enough to stop economic fallout from the necessary deleveraging. And beyond the short-term crisis, the only way to get over the negative impact of deleveraging is […]

US economy’s artificial growth

James Bianco has an interesting post over at The Big Picture, entitled, “How much economic growth is ‘artificial’?” The answer: a lot. Bianco highlights the findings from the recent Congressional Budget Office report, Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2010 Through March 2010. He concludes […]

June 2010
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