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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (105101)12/1/2009 10:11:49 AM
From: John McCarthy  Read Replies (1) of 116555
 
5 Stars

This however will be a Zombie Capitalism:

the private sector’s reductions in debt will counter the public sector’s attempts to stimulate the economy via debt-financed spending.

Growth, if it occurs, will not be sufficiently high to prevent growing unemployment, and growth is likely to evaporate as soon as stimulus packages are removed.

Thanks

regards
John
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