This
article in the Economist magazine said that the global economies was helped by the government stimulus spendings and bailouts in 2009. The challenges lie ahead in 2010 as many underlying problems are not solved and new problems are being created, e.g. asset bubbles in emerging economies.
Some experts say govt stimulus, spending and bailouts may even help the global economies sustain and grow for another year ie for 2010.
ReplyDeleteThen something unpleasant will happen in 2011. Or maybe earlier like end 2010. It's only a matter of when, not whether it will happen.
That means, the stimulus only has a delaying effect for a terrible inevitable. Just like slow poison.