An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Government reduced spending, less crowding out of the private sector, increased consumer confidence. The fairy hard at work! Oh and QE, you know all that money printed finding it's way into the hands of the consumers!
yadda yadda yadda ;)
On the other side lower energy and commodity prices help a lot in Europe, as we are net consumers by far.
2 comments:
Government reduced spending, less crowding out of the private sector, increased consumer confidence. The fairy hard at work! Oh and QE, you know all that money printed finding it's way into the hands of the consumers!
yadda yadda yadda ;)
On the other side lower energy and commodity prices help a lot in Europe, as we are net consumers by far.
Right I think this energy price reduction has a way to go yet...
allows less savings by oil/gas monopolists...
Thank the US blue collar roughnecks and the firms out in the oil patch...
rsp,
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