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The only good thing about the continuing barrage of bad economic news is that it could have been worse: all three rating agencies could have downgraded the US, stock markets could have fallen further and the US could have defaulted on its debt. The general view is now that in this, the next round of the Great Recession, there is a high risk of things getting worse, with no effective instruments at governments’ disposal. The first point is correct but the second is not quite right.

最近一连串manbetx20客户端下载 坏消息中蕴含的唯一好消息是,情况本来可能更糟:三大评级机构本来都可能调降美国的评级,股市本来可能下跌得更厉害,美国本来可能出现债务违约。人们普遍认为,在“大衰退”(Great Recession)发展到眼下这一最新阶段时,情况恶化的可能性非常高,而政府手中却没什么行之有效的政策工具。这一观点的第一部分是对的,第二部分则不完全对。

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