Saturday, January 19, 2013

IMF admits Austerity Gaff

http://www.imf.org/external/pubs/cat/longres.aspx?sk=40200.0

NOW they say that cutting $1 reduces GDP by $1.5 as if that was not obvious in the first place from the way things have been going.

I said that was NOT the way to go in my screaming headlines on LinkedIn right from the start. See:

http://edward-ingram.blogspot.com/p/sovereign-debt-and-qe-edition-8.html



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