What If The Plateau Lasts Nine Months?
That Plateau Feeling
The downturn has seen its worst phase. I don't think we will see an upswing right away, but I don't expect the plateau phase to last as long as the downturn phase did. And there sure will be a takeoff phase. The smartest among us will use this plateau phase to prepare for the takeoff phase.
The US and the world economy have seen much pain. But the US government and G20 took some right decisions. The takeoff was never automatic. Japan had its lost decade and is still reeling.
The US government has taken some right decisions on stimulus. But it still has not done the hard work for banking sector reform. The bankers are in for some tough love if America is to not repeat Japan's lost decade. The world can not afford America having a lost decade.
Don't tell me it is easy to borrow a few trillion from your grandchildren, but tough to show some tough love to bankers.
Globoeconomics: Name Of The Game
A Single Global Currency, A Global New Deal, A Global Economic Council
A Brighter Future Ahead
Needed: A New Global Financial Architecture
Stimulus: Make It A Trillion
Stimulus: Size Matters
Global Finance, Global Terrorism, Global Warming
'Would you tell me, please, which way I ought to go from here?'
'That depends a good deal on where you want to get to,' said the Cat.
'I don't much care where --' said Alice.
'Then it doesn't matter which way you go,' said the Cat.
'--so long as I get somewhere,' Alice added as an explanation.