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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (91117)	11/2/2009 8:42:30 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 94695

Both Paul Krugman and well-known Monetarist Anna Schwartz called for a much larger stimulus program. The macroeconomic effect would have been as they predicted. But without accompanying consumer and business deleveraging through bankruptcies and foreclosures, I believe the result would have been like that of Japan. Japan: A growing government sector debt, and an economy which falls back into recession within months of ending each stimulus program.

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