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Comments
Further intervention to stave off depression?
The recession will end when its work is done says Bill Bonner of the Daily Reckoning. I am beginning to think he is right. How could a credit crunch induced recession be solved by governments replicating the error that caused the problem in the first place? At what point will the experiment be ruled a disaster? Certainly not in the pre budget report.QE is a nil sum game and the quicker this is realised the sooner real wealth creation policies can be pursued. At least the election provides the prospect for fresh thinking.
Posted by: Duncan Jones