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Wednesday, January 28, 2009

The systemite view regarding the Contraction of 2008-2009

1. The world governments must spend 2% of GDP on stimulus packages (the IMF recommendation).

2. "...the global contraction will last several years...if governments don't complement fiscal stimulus with equally ambitious plans to clear banks' books of bad assets..."

[Source: "Global Search for Growth Will Turn to U.S.", WSJ, January 28, 2009]
Posted by Kevin Regan at 8:39 AM

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