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U.n. Study Savages U.s., European Economic Policy

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http://uk.reuters.com/article/2011/09/06/uk-economy-un-report-idUKTRE7852XI20110906

The pursuit of austerity measures and deficit cuts is pushing the world economy towards disaster in a misguided attempt to please global financial markets, the annual report of the United Nations economic thinktank UNCTAD said on Tuesday.

The report, entitled "Post-crisis policy challenges in the world economy," savaged U.S. and European economic policies and called for wage increases, stricter regulation of financial markets, including a return to a system of managed exchange rates, and a conscious break with market-led thinking.

"The message here is very pragmatic: we need to reverse our course quickly," said UNCTAD Secretary General Supachai Panitchpakdi.

Supachai, a former head of the World Trade Organisation, said the policy response to the crisis, with an emphasis on fiscal tightening, was misconceived and inept.

More printy printy then?

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and called for wage increases, stricter regulation of financial markets, including a return to a system of managed exchange rates, and a conscious break with market-led thinking.

This is heresy surely- shouldn't we burn this person?. Repeat after me:

Trickledown works,Trickledown works , Trickledown works.

It does..it will..

Any......day.....now. :lol:

Edited by wonderpup

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but we haven't had market-led thinking have we?

we have had crony corporatism and an attempt at centrally planned socialism...which has been an abject failure....and a yet more centrally planned UN(that lovely benevolent organisation which has the world in a set of crosshairs as a logo!)... is certainly not the panacea they are hoping we will fall for...crisis or no crisis.

while the objective of creating a reasonably global minimum of a safety net is quite noble,it will absolutely,without question be turned into a weapon of dependence(given time)......as our cousins across the pond have quite rightly become rather miffed about.

too big to fail anyone??

let the feckers fail.......if they are not given a dose of invasive surgery the tumour keeps on spreading.

Edited by oracle

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too big to fail anyone??

let the feckers fail.......if they are not given a dose of invasive surgery the tumour keeps on spreading.

Too big to fail, the banks where too big to fail and the US govt allowed the likes of BoA, GS, JP Morgan to get even bigger...

The knife should have been taken to them and they should have been broken up.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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