Thoughts are energy.

Monthly Archives: June 2014

IMF Admits that the West is Stuck in Near Depression 2010

The IMF report – “Will It Hurt? Macroeconomic Effects of Fiscal Consolidation” – implicitly argues that austerity will do more damage than so far admitted. Normally, tightening of 1pc of GDP in one country leads to a 0.5pc loss of growth after two years. It is another story when half the globe is in trouble… Read More »