Gepost in 29 08 10 door Steven op zondag 29 augustus 2010
How sugar-rush economics has left the West with a headache
The Western world’s central bankers are in a hole. Jackson Hole. The picturesque Wyoming resort has, over the years, become home to an annual wonkfest of elite policymakers and economists.
The Obama/Bernanke stimulus looks increasingly like a “sugar rush” – it felt good at the time, but provided no long-term economic nourishment. Now that rush is fading, the US is left with an almighty economic headache, but no sustainable recovery.
