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Italy.... Whats next?
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Italy.... Whats next?

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Italy.... Whats next?


Quoting 
Say what you will about Silvio Berlusconi (and there's LOTS one can say about the man as any reader of the NY Post can attest). But he was right to oppose to a crude political ploy being foisted on him by the ECB, the French and Germans to accept an irrational and economically counterproductive program fiscal austerity program in exchange for “support” from the likes of the IMF. All Berlusconi had to do was cast his eyes to the other side of the Adriatic to see the likely effect of that. The markets’ reaction to his resignation was surreal: akin to turkeys voting for Thanksgiving. The overriding imperative in Euroland (indeed, in the entire global economy) should be to stimulate economic growth to ensure that there are enough jobs for all who want them.

- Marhall Auerback

Jobs for all who want them? That's crazy talk! Hmm, that's not a prescription for AUSTERITY, he must HATE AMERICA or something.


New Economic Perspectives: The Road to Serfdom


Marshall Auerback has over 28 years’ experience in investment management. Since 2003, he has worked as a global portfolio strategist for RAB Capital PLC, a UK-based fund management firm, and as a consulting economist for PIMCO.

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