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Examples
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Per Matt, the Irish government will “… slash public expenditures to meet the new lower revenue level, and you wait for cycles of wage and cuts to bring the economy down to a sustainable post-bubble level.”
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You do neither fiscal nor monetary easing, have the government slash public expenditures to meet the new lower revenue level, and you wait for cycles of wage and cuts to bring the economy down to a sustainable post-bubble level.
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Compare this with post-bubble U.K., one of the most highly leveraged economies in the world.
U.K. Has Plenty to Learn From Japan Simon Nixon 2011
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For the irony is that Jobless Paddy's approach to the post-bubble world is firmly rooted in pre-bubble orthodoxy: he is recklessly speculating in the realm of the imaginary.
An Irish Lesson in Hope and Marketing Sam Leith 2011
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Thus, apparel prices and the cost of other imported goods, rather than helping the Fed control inflation as in the past, could tend to restrain it as the central bank searches for ways to spur a lumbering post-bubble U.S. economy.
Change in China Hits U.S. Purse Jon Hilsenrath 2011
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As the U.K. confronts its own post-bubble challenges, it becomes clear that Japan navigated its recent past surprisingly well; the U.K. would be lucky to emulate it.
U.K. Has Plenty to Learn From Japan Simon Nixon 2011
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As the U.K. confronts its own post-bubble challenges, it becomes clear that Japan navigated its recent past surprisingly well; the U.K. would be lucky to emulate it.
U.K. Has Plenty to Learn From Japan Simon Nixon 2011
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For the irony is that Jobless Paddy's approach to the post-bubble world is firmly rooted in pre-bubble orthodoxy: he is recklessly speculating in the realm of the imaginary.
An Irish Lesson in Hope and Marketing Sam Leith 2011
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Compare this with post-bubble U.K., one of the most highly leveraged economies in the world.
U.K. Has Plenty to Learn From Japan Simon Nixon 2011
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Thus, apparel prices and the cost of other imported goods, rather than helping the Fed control inflation as in the past, could tend to restrain it as the central bank searches for ways to spur a lumbering post-bubble U.S. economy.
Change in China Hits U.S. Purse Jon Hilsenrath 2011
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