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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (78020)8/20/2011 4:18:03 AM
From: elmatador  Read Replies (1) | Respond to of 217573
 
"credit markets have not seized up like they did in 2008." Markets were better prepared to deal with the second blow. This is why emerging markets will cruise through this second test.
...
In 2008-09, world leaders united around fiscal and monetary stimulus. The monetary one is still in place; but the talk is everywhere of fiscal retrenchment. Many states have no choice but to cut their deficits – but not all. Given the moods of the market, no government can afford to relax its fiscal strictures alone – but with international co-ordination, a slower pace of fiscal tightening is feasible and desirable in several countries. It is time to admit that different countries are in different situations. Universal budget cutting runs the risk of a universal double dip.

ft.com