Austerity's toast and everyone knows it.
Who Is Defending Austerity Now?
Germany Signals Austerity Leeway in Budget-Rule Flexibility
Austerity doctrine is exposed as flimflam
Bill Gross attacks UK and EU austerity
U.K. Austerity Isn’t Working, Goldman’s O’Neill Says
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This is the death knell for austerity.
In the wake of the now famous economics paper demonstrating a blunder in Kenneth Rogoff and Carmen Reinhart's study of the effects of debt on growth, titans of finance are now clearly turning against austerity.
Jim O'Neil, chairman of Goldman Sachs Asset Management, basically pronounced austerity dead in his note Monday....
With the IMF, Goldman and Pimco are announcing that austerity has failed, you can bet that the age of austerity is very close to being over.CNBC NetNet
