"History is a wonderful thing, if only it was true"

Wednesday, May 27, 2009

The New Normal - not the Old Normal

Bottom line - I think he nails it.
From far to free wheeling finance to pending far to political economic decision making.

Less growth, higher unemployment, more government decision making.

Mohamed A. El-Erian

Life After the Financial Crisis - BusinessWeek:

"Get used to it. The legacy of the financial crisis will be overregulation and slow growth"

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