Keynes Is Dead, Abenomics Fizzles, US Fails to Reach Escape Velocity, Stimulus Fatigue
MishTalk
JANUARY 21, 2014
The chances are that the global economy, weighted by nominal GDP at current exchange rates, will grow at 2 percent Globalization, turbo-powered by information technology, has cut short the feedback loop between demand stimulus and supply response. While demand is and always has been local, the supply side has become genuinely global.
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