Sugar is no way to raise a healthy economy.... Ericho69.
Started by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZMsPVTXn9I8&refer=home
By Timothy R. Homan
May 30 (Bloomberg) -- World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the “real economy” and rising joblessness threatens to set off political unrest across the globe.
“While the stimulus has given an impulse, it’s like a sugar high unless you eventually get the credit system working,” Zoellick said in an interview yesterday with Bloomberg Television’s “Political Capital with Al Hunt.” “When unemployment increases, that’s probably the most political combustible issue.”
Wiki that Ericho69.
Response by drdrd
over 17 years ago
Posts: 1905
Member since: Apr 2007
Interesting: this little uptick is like a sugar high; I've thought that it may be due to the fact that we're such good stupid consumers that we just couldn't restrain ourselves a moment longer. I'm no economist & I hope I'm wrong but I still keep wondering how far into this downturn we are; could be a good/bad bit more to go, I fear.
Interesting: this little uptick is like a sugar high; I've thought that it may be due to the fact that we're such good stupid consumers that we just couldn't restrain ourselves a moment longer. I'm no economist & I hope I'm wrong but I still keep wondering how far into this downturn we are; could be a good/bad bit more to go, I fear.