Disclaimer - On stock markets, my views may not be used to make investment decisions. I may or may not hold positions in the market. My views on Economics often contradict the stand of mainstream economists.
Thursday, August 27, 2009
Fiscal Deficit - Now it is Pranabda who speaks
Pranabda has said that high fiscal deficit is unsustainable. Well, what does that mean? An end to further stimulus? If so, the govt. sponsored improvement in economy is likely to die out soon. Watch out for green shoots withering and turning brown.
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