Mish's Global Economic Trend Analysis: IMF "Baseline Scenario.
MishTalk
AUGUST 3, 2013
Case Against The Fed. The really important question is whether Spain will grow enough to create a lot of jobs to reduce the unacceptably high unemployment and increasing family income". It therefore recommends a social pact in which employers commit to hiring increases in exchange for wage cuts of up to 10% over the next two years.
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