The Year of Wishful Thinking - from a Global Financial Crisis morphed into a Global Sov... - 0 views
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Giorgio Bertini on 02 Jun 10The period from March 2009 was the year of wishful thinking. Central banks cut interest rates and governments opened their cheque books providing a flood of cheap money that gave the illusion of recovery and a normal functioning economy. By pouring a lot of water into a bucket with a large hole, the world sustained the impression that the receptacle was almost full.