Politico
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Posts: 4,862
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« on: May 06, 2012, 05:44:16 PM » |
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« edited: May 06, 2012, 05:59:07 PM by Politico »
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Europe's "Bear Stearns moment," so to speak, is probably imminent. How much longer can this go on? Whether or not they will have their own version of "Lehman Brothers" is another story, but nothing would surprise me at this point.
Keynesian analysis without political context would lead one to believe that France has been in a recession for nearly forty straight years by virtue of their annual deficit spending each and every year for nearly half a century.
Guess what: The long-run is here, and we're not all dead! Not everybody is a gay, childless economist after all. Imagine that!
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