Todays post from Barry Ritholtz refers to an accusation that further stimulus is being put off until after the November elections; something I strongly believe in, and eerily similar to my previous post on 1931 European Depression Redux where Austrian officials are putting off their 2011 budget until after their Fall elections [an unconstitutional act by the way]. Will we see more of this posturing for political gains across the globe? Me thinks so. I look forward to your thoughts and comments below. For your StockBuz consideration:
“Now I’m looking at the political system turning itself into a paralyzed beast. A lost decade now looms as a much bigger risk. The Fed’s running out of powder; Its really powerful ammunition has been expended.”
-Alan Blinder, former vice chairman Federal Reserve, on whether the US could sink into a Japan-style quagmire
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Peter Goodman has a longish article in the NYT Week in Review, What Can Be Done to Cure the Ailing Economy?.
It is notable for a few r
