Opinion – Economic growth: A rickety rebound | The Economist – John Gelmini

Economic Growth and the Production Possibility...

Economic Growth and the Production Possibility Curve (Photo credit: Wikipedia)

Dr Alf has hit the nail on the head with this Economist article.

Once again, the world is too reliant on America doing the heavy lifting necessary for economic recovery.

Europe and the UK need to start looking beyond their shores for new export markets and the UK has to start making and selling things that people want whilst its corporate fat-cats need to start earning their keep, investing and doing some real work to justify their self imposed 21% pay rise just for not doing their jobs.

John Gelmini

Opinion – Reform alone is no solution for the eurozone – Martin Wolf – FT.com – John Gelmini

Fiscal policy

Fiscal policy (Photo credit: Wikipedia)

Dr Alf raises interesting points.

Probably what will happen is a slight loosening of German policy on austerity, more printing of money by everyone else, especially France and great proclamations about how well the EU is doing and more blaming of the present debacle on “Global economic conditions”.

The day of reckoning is coming but not just yet.

The “fiddlers” watching the reincarnation of the “Holy Roman Empire ” have a few more tunes left!

John Gelmini

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