Wednesday, 25 March 2009

What fascinating times we live in

Gordon Brown, PM of the country on the brink of deflation trying to squeeze more fiscal stimulus out of reluctant G20 partners while his CB governor and Chancellor say the UK is so indebted it can't afford more of it. Oops, Gordon took the hint.
Paul Krugman saying the Geithner Toxic Assets Demolition Plan solves nothing at all. Just subsidies to those who don't need them. Summers disagreeing. For how long?
(Hempton has got his own touch on saving the world: Bronte Capital: Paul Krugman’s false logical step. Not so much disagreeing as making a nerdy point.)

Could the world economy collapse because the US Congress cannot bear even 6 months of government managed banks and because Merkel and Sarkozy think they have done enough? It was someone else's fault anyway wasn't it?

Hopefully this is just a reality show and we are back in real life soon.

Snow has started falling again. It is March and minus 5C out there.

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