From Goldman:
We lowered our *Q3 GDP tracking estimate by 0.2pp to +1.6%
(quarter-over-quarter annualized)*, reflecting the wider-than-expected
goods tra...
Monday, May 25, 2009
Government providing credit? A good argument why they should.
I don't know that I agree with this but I've never thought in terms of transactional credit being a public good and as such potentially facilitated by governments. In any event this is a deeply wonky concept at this point and I really look forward to the discussion coming into the mainstream.
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