atans1

The new normal in mkts

In Economy on 09/09/2011 at 7:10 am

Investors want governments to spend, spend to avoid a double dip recession. http://www.bbc.co.uk/news/business-14823501

Up to August, they were worried that governments were profigate. They are still afraid of excessive debt longer term, but they are terrified of a recession in the shorter term.

And we rely on markets to help allocate capital efficiently? Sigh

Markets are fickle and neurotic.

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