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Feb 01, 2009


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I would point out that the “debt boom” was not “consumer-led”, the government set the agenda borrowing more and more money and failed to regulate the financial market and force them to rain in lending especially to “sub prime” sector.

Absolutely agree that we need to restore private sector demand, not public sector demand based on tick!

This is one of the most lucid dicussion on the current economic situation. Thanks for sharing. Agree on the points regarding the IMF and protecting developing economies. And the UK sounds like it's in serious trouble...

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