Enjoy the coming slump. That is not what the Bank for International Settlements says to the US and other overindebted economies. But it is what its latest annual report implies. I admired the warnings of monetary and financial excesses that the BIS gave under its former economic adviser, William White. I respect Stephen Cecchetti, his successor. But I disagree with the thrust of this report. It understates the obstacles to across-the-board austerity.
享受即将来临的manbetx20客户端下载 下滑吧。这虽然不是国际清算银行(BIS)向美国和其它过度负债manbetx20客户端下载 体说的话,却正是其最新年报所暗示的。我钦佩BIS在其前任manbetx20客户端下载 顾问威廉•怀特(William White)领导下发出的关于货币和金融过度的警告,我也尊重接替怀特的史蒂芬•切凯蒂(Stephen Cecchetti),但我不同意这篇报告的主要观点。它低估了全面紧缩的障碍。