2011 economic doldrums

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Until last year, policymakers could always produce a new rabbit from their hat to reflate asset prices and trigger economic recovery. Fiscal stimulus, near-zero interest rates, two rounds of "quantitative easing", ring-fencing of bad debt, and trillions of dollars in bailouts and liquidity provision for banks and financial institutions: Officials tried them all. Now they have run out of rabbits.

- Noriel Roubini, in his commentary "Is capitalism doomed?"

Comments

Unique1 said…
What do you think?
August 25, 2011 at 12:29 PM
Jaded Jeremy said…
Unique1,
About whether capitalism is doomed or not? Maybe it's present form but its essense will survive.
August 25, 2011 at 4:59 PM
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