Quote:
Originally Posted by SaintessHeart
If anyone read Allen Sloan's article in Fortune Magazine in 5th September, he is right about the fact that the current economic crisis isn't caused by supply and demand and business cycle, but rather by Obama's spinelessness and the GOP/Tea Party dicking around, killing green jobs in favour of big oil, cutting on essential growth drivers like education, etc.
It is a political issue, not an economic issue. And it made Dr Breen look ever so more stupid buying back the 10-year Treasury bonds by the pound.
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I'd say it's a combination of this and the FED and ECB clamping down too hard on inflation.