English: Southern Europe. (Photo credit: Wikipedia)

This is an excellent MUST READ article from Edward Luce, in the FT. Check it out!

via Weary US consumer shoulders a heavy load – FT.com.

Personally, I think that US consumers need a belt and braces approach, both strong fiscal stimulus AND access to cheap money.

What lessons can Europeans learn from the US example?

Given the weaker economic recovery in Europe, especially the UK and Southern Europe, where austerity has been too aggressive, the double whammy of tax cuts and cheap money becomes a “no-brainer”, in my view,

Any thoughts?

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