Comments on: The G-7 disappoints again http://blogs.reuters.com/mohamed-el-erian/2011/09/12/emerging-economies-to-the-rescue/ Mohamed Mondays Mon, 30 Mar 2015 23:53:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: billburke http://blogs.reuters.com/mohamed-el-erian/2011/09/12/emerging-economies-to-the-rescue/#comment-300 Wed, 28 Sep 2011 00:28:14 +0000 http://blogs.reuters.com/mohamed-el-erian/?p=98#comment-300 ElErian, being a house painter, I had come to the conclusion a few years ago that wives spending propelled the economy. Driving the man to buy the big house and cars and spending money on upgrading the house and lifestyle. Govt fiscal actions could get rich spending more if proposed tax increases on millionaires, allowed deductions (thereby inspiring spending) on household upgrading in a number of ways, thereby boosting the vast home improvement industry, thereby propelling the -ahem- shovel ready troops back into the first real growth area caused by fiscal/monetary action.

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By: coyotle http://blogs.reuters.com/mohamed-el-erian/2011/09/12/emerging-economies-to-the-rescue/#comment-292 Mon, 19 Sep 2011 22:17:55 +0000 http://blogs.reuters.com/mohamed-el-erian/?p=98#comment-292 True that Mohamed.

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By: BowMtnSpirit http://blogs.reuters.com/mohamed-el-erian/2011/09/12/emerging-economies-to-the-rescue/#comment-291 Tue, 13 Sep 2011 05:16:41 +0000 http://blogs.reuters.com/mohamed-el-erian/?p=98#comment-291 Once again, El-Erian, you have nailed it. And once again, folks like me will “wait and see.” We’re getting pretty practiced at that. The trouble is, we keep seeing the same thing.

I loved your observation regarding “structural impediments to both economic growth and the safe de-levering of excessive indebtedness” in the U.S. As President Obama’s job-growth initiative demonstrates, we are at a crux where we cannot easily do both, and even when one actor tries to thread that needle, the political impediments operate to warp any proposed solution to the point that any achievable “compromise” cannot even begin to approximate the results contemplated.

So we wait, and we’ll see. In the meantime, I’ll be acting to protect my own, as will most others. I have enough scruples not to do that by screwing someone else, and instead will act cooperatively with those who assist me, or can or want to assist me (which pretty much eliminates any of the Democrats or Republicans in Washington).

I don’t believe I’m being cynical or apocalyptic when I say that this appears to be the end game. I’m eating fresh broccoli and cucumbers and eggs and chicken, with calves coming on later in the year. And I’ll still be eating when BOA and JP Morgan are wondering what happened. I’ll see you all on the other side.

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By: futuresmkt http://blogs.reuters.com/mohamed-el-erian/2011/09/12/emerging-economies-to-the-rescue/#comment-290 Mon, 12 Sep 2011 16:07:13 +0000 http://blogs.reuters.com/mohamed-el-erian/?p=98#comment-290 If they can’t yet bring themselves to acknowledge China as a relevant member of their “Club”, how can we expect them to make/develop any other rational strategies?

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