icubud (icubud) wrote,
icubud
icubud

but wait...


Brazil, Indonesia, China and Japan have voice d concern"As has the financial press in Germany. "The most recent step taken by the Federal Reserve in the continuation of a series of undesirable developments in the US," writes the business daily Handelsblatt on Friday. "Instead of finally facing up to the excessive debt problem, accepting the uncomfortable truths and introducing painful reforms in the country, debt-financed stimulus programs remain the only strategy that Bernanke & Co. seem able to come up with."

http://www.spiegel.de/international/business/0,1518,727457,00.html

2 cents: The article emphasizes the "spill over" the Feds's actions will have on the rest of the world and here. Spill over - me think that is awful similar to tipping point.

Tags: 2 cents, economy, peoplenomics
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