Hints and tips:
...Contrary to the received wisdom, the pace of deficit reduction is not particularly rapid (c. 1 per cent of GDP in the current financial year and in the coming FY)....
...On demand stimulation, government investment program probably best. School building program is “shovel ready”, for example....
...So the risks are that governments reduce their deficits and central banks withdraw their QE programs too soon or too rapidly....
...“They are changing the whole nature of who we are and what we have been,” said J.T. Reynolds, superintendent of Death Valley National Park....
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