Posted on 04/05/2010 6:06:57 AM PDT by blam
IMF: This Recovery Will Die Without More Stimulus
Vincent Fernando, CFA
Apr. 5, 2010, 5:25 AM
The global recovery, and all the good data we've seen, depends heavily on government stimulus.
Still.
Says the IMF's managing director Dominique Strauss-Kahn:
Bloomberg:
[snip]
(Excerpt) Read more at businessinsider.com ...
The cow is dying. Milk harder!!!
If it needs stimulus, it’s not a recovery.
Joe Weisenthal
Apr. 5, 2010, 8:01 AM
There's certainly a lot of talk still about a possible real estate bubble in China, but at this point, there's basically no evidence that anyone is concerned with the possibility that said bubble will burst.
But at this point, with copper surging day in and day out, the market seems to have no concerns whatsoever that Chinese demand will even stutter a little, as MineWeb points out.
Other measures of Chinese import demand, like the Australian dollar, have come off very nicely from their lows.
The truth is, saying the markets are ignoring any Chinese concerns is a narrow of saying a broader truth, which is that the markets aren't concerned about much of anything anymore. Sure, Greek spreads continue to widen a bit, and there was just a bomb attack in Pakistan... but it doesn't matter.
Seemingly nothing can slow us down right now.
Giddy up!
Tax cuts are stimulus.
Government spending doesn’t stimulate anything but government.
Heroin users feel like they are going to die, too, without more heroin.
Good one, LOL. And, on another tack, given this is the IMF's observation -- reminds me of the story of the African rebel leader who sent a message to the UN: "Please send more UN troops; that last bunch was DEE-licious!"
What recovery? The economy is still shedding private sector jobs at an alarming rate with no end in sight......
This is the Paul Krugman cry, endlessly spend money you don't have (borrowed) until the economy recovers. I think the flaws in his thinking are becoming more and more obvious. Bill Clinton saw it in 1993. The resulting debt will kill any recovery. The new paradigm is you can borrow your way to prosperity. That their is a free lunch. How's that working so far?
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
These words to a lib are like a cross to a vampire (or an atheist).
Cutting taxes and spending ( gifting), would result in a loss of control.
The bank wants another bribe. I think they plan to crash the system anyway but they want more money first.
“Says the IMF’s managing director Dominique Strauss-Kahn: “
I would say, jail Dominique, and cut taxes.
An example of the Chinese stimulus and the folly of central planning.
Private sector jobs are not real jobs in the eyes of some, soon to be many.
Balogne!
Most of the G7 nations are through the maze WITHOUT “stimulus”. What you have is the expectations of America at work with a marxist muslim controlling policy.
LOL!
A cross to a vampire or a cross to a lib evoke the same reaction. It's probably more painful for the lib.
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