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Source:
“It’s Hard To Be Optimistic”: Political Ideology Blocking Good Policy, Michael Spence Says
Aaron Task
Daily Ticker – Fri, Sep 23, 2011
http://finance.yahoo.com/blogs/daily-ticker/hard-optimistic-political-ideology-blocking-good-policy-michael-174729136.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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September 26th, 2011 at 2:21 pm
Ideology of the sponsors also gets in the way big time.
http://www.dylanratigan.com/2011/09/26/tom-ferguson-on-money-in-politics-everything-is-for-sale/
September 26th, 2011 at 2:22 pm
Has anyone ever noticed if we had good policy in the past ideaology would not get in the way today?