Dealbreaker Believes There is no Magic Pill to Fix the Problems of the World Economy
Dealbreaker has posted a short piece which deals with a subject that has become evident over the past year. It is the fact that world governments and central banks are impotent when it comes to fixing a problem that has been building up for years. When houses and everything else have been over-supplied on the basis of extremely loose lending standards where almost anyone (no matter their ability to repay) could get a loan, the problem becomes too enormous for anyone’s ability to “inject” anything without severe consequences.
Source:
http://dealbreaker.com/2009/02/the-flaccidity-of-central-bank.php
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