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|02-15-2013 06:55 AM|
|Slick_Traveller||Following the financial crisis of 2008-9, Britain was forced to implement harsh austerity measures in an attempt to reduce its deficit and increase economic growth. But there is anger that while many famillies are struggling to make ends meet, bailed-out bankers continue to be awarded huge bonuses.|
|02-12-2013 06:08 PM|
|124nic8||Adam Posen explains why British austerity is not working. [video]|
|01-29-2013 04:01 PM|
here's a good, relevant blog post.
|01-28-2013 07:42 PM|
|01-28-2013 05:10 PM|
Other than rates being lower for being first in line....
|01-28-2013 01:42 PM|
|01-28-2013 01:26 PM|
But everyone knows that equity is the riskier investment; last in priority when things go south.
|01-28-2013 01:20 PM|
Why can't they let investors in debt lose their shirts like investors in equity?
|01-28-2013 12:55 PM|
The Keynesians are really just a bunch of liars.
Just take a look at what they did in the 1960s. With the economy booming the leftists created trillions of dollars of deficits with their Medicare and Medicaid programs.Hence, of course, $5.5 trillion in borrowing during their presidency.
It's really just about paying off the people who vote for them.
|01-27-2013 09:21 PM|
Go look at what happens to the cost of our debt service as rates return to historical levels and what percentage of annual revenues that represents. At the same time as we have our hands full with obligations (in a financial sense) to an aging population as it is.
|01-27-2013 07:57 PM|
But exactly how does this apply to US bond holders? They're not going to liquidate US government assets. The worst they can do is refuse to lend any more money; ruining our economy and probably theirs, too. Not a viable option in most cases.
|01-27-2013 06:42 PM|
|01-27-2013 05:45 PM|
btw.. Austerity is the breaking point. Meaning your overspending has bit you so hard.. that you must make immediate large cuts to programs. If they would've taken incremental spending cuts a decade ago, they'd probably be sitting pretty right now. That's the issue right now in the U.S. we either start cutting pieces now.. or face immediate dramatic cuts around the board later.
|01-27-2013 05:06 PM|
Austerity progress report: Britain enters a triple-dip recession, and the grand result of 4 years of "fiscal discipline" is soaring debt to GDP ratios:
|10-16-2011 07:59 PM|
European Austerity doesn't work. it doesn't grow any economy. italy has had 0% growth for the last 10 years and they are the next country to default. Britian's austerity has caused them negative growth in the first 2 years and is now flat for the forseable future. Germany is the strongest yet they only grow at 1.5%. With declining population, germany growth is predicted to fall to 1% for the years and decade to come. Europe is in big big trouble compared to the US. European austerity measures that cut education, infrastructure, and research is the short term and long term solution into depression.
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