Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

A Depressionary Relapse May Be Coming

Print comment Post Comments
THE EUROPEAN VERSION
" The public and private sector cannot simultaneously net save unless the Europeans engineer a competitive currency devaluation," writes Edward Harrison at Credit Writedowns. "Therefore, the Europeans’ newfound fiscal austerity is at odds with the need of the private sector to reduce debt and will likely lead to a collapse in consumer demand and depression or a trade war. What Europe needs is to allow over-indebted nations to default, reducing the political and economic pressure of austerity."

TICKERS