Wednesday, November 23, 2011

QT: Niall Ferguson on Debt, the EU & the US

We are in a hard place. Yes, we need to reduce debt, and yes, we need stimulus. We have to put the petal to the metal and then drive like granny. Not an easy course to successfully follow. No, I don't think that Washington is quite like Athens or Rome, but we do need to be careful. Sticky wicket, I say.

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