Leaving the Structure For Later
Everywhere we look these days the action is focused on short term responses. You can start with the FED and Bernanke, you can look at what is happening in Japan, you can look at Italy’s new premier, and it is like BS everywhere. The structural issues in the US, Europe, and Japan are being paper over. It will take an accident, an accident that no one can or will forecast, or an act of extreme governmental stupidity to bring everyone to tears and force real structural change.
If you are interested here are links to a couple of current articiles that illustrate problems and possibilites.
First a little on Japan and it’s debate.
And Paul Krugman says we should all be smart, when did that ever happen?
And Gretchen Morgenson has the only positive article conderning real structural change.