Comments on: Stock markets set to take off as Europe, Asia abandon austerity http://blogs.reuters.com/anatole-kaletsky/2014/11/28/eruope-and-asia-are-now-following-u-s-road-map-out-of-the-great-recession/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Missinginaction http://blogs.reuters.com/anatole-kaletsky/2014/11/28/eruope-and-asia-are-now-following-u-s-road-map-out-of-the-great-recession/#comment-2489 Tue, 02 Dec 2014 10:56:12 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1549#comment-2489 So QE all around is all good. Perhaps. The big questions is where, generally, banks will find people to borrow the newly created money they have to lend. In the US most QE has ended up in stock market buybacks and at corporations. It hasn’t helped the general public or the “main street” economy nearly as much as expected. Without bold political action QE seems to me to be quite ineffective.

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By: Laster http://blogs.reuters.com/anatole-kaletsky/2014/11/28/eruope-and-asia-are-now-following-u-s-road-map-out-of-the-great-recession/#comment-2487 Sat, 29 Nov 2014 17:21:51 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1549#comment-2487 “Finance is wholly different from the rest of the economy.”

Alan Greenspan

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By: LoveJoyOne http://blogs.reuters.com/anatole-kaletsky/2014/11/28/eruope-and-asia-are-now-following-u-s-road-map-out-of-the-great-recession/#comment-2485 Fri, 28 Nov 2014 15:23:17 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1549#comment-2485 Austerity never created jobs. Never will.

In post Cold War Germany, austerity did help reunification. But that was a special set of circumstances. The lid had to be kept on salaries in the East, lest they rise to levels in the West but without commensurate levels of productivity.

But in ordinary circumstances, austerity will always cost jobs, all things remaining equal.

I don’t know why politicians in Europe ever believed otherwise. They must have either been stupid, or they were in some way profiting personally from the situation.

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