BIS: Start Austerity ASAP

http://economicrisis.com/bis-start-austerity-asap/2129

BIS: Start Austerity ASAP

The Bank for International Settlements showed concern over the weekend that financial markets are becoming addicted to monetary and fiscal stimulus, stripping governments of the political will to move toward increased austerity. With stock markets rallying thanks to stimulus from the central banks of the US, Europe and Japan, volatility has fallen and corporate bond spreads are tighter.
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