Here is a Great Graphic of how many of the major European economies and the US have performed over the past four years. The US has pursued unconventional monetary and fiscal policy. The UK has pursued unorthodox monetary policy and orthodox fiscal policy. Europe has pursued a bit of an unorthodox monetary policy (3-year LTROs, limited SMP and covered bond purchases) and orthodox fiscal policy. It is not that growth will solve the structural problems the US undeniably faces, but it will make it easier.
Great Graphic: GDP Performance
Reviewed by Marc Chandler
on
May 15, 2012
Rating:
Reviewed by Marc Chandler
on
May 15, 2012
Rating:
