Really: Krugman on Europe's past?

["Ronald Calitri" <calitrir@xxxxxxxxxxxxx>]

Good call on that cite Dorman. Didn't I hear something about lower interest
rates in Europe recently? K. had better stick to Japan where we can't read
their newspapers. Gettin' a bit too humane over there for this kind of
rough&ready approach. Now correct me if I'm wrong, but can't activist social
interventions take the place of general liquidity?

The bathtub may be full or near empty; but the battleships can still fight.


>THE EURO: BEWARE OF WHAT YOU WISH FOR


> Paul Krugman
>

[ETC...ETC]
....
>Europe will turn Japanese: that it will slip inexorably into deflation,
that
>by the time the central bankers finally decide to loosen
>up it will be too late.
>These Europeans, they are a subtle race. And this time they may have
subtled
>themselves into a very tight corner.


They got out of it with a time machine!

Chaio,
Ron Calitri

>