Japan's recovery, again - Paul Krugman Blog - NYTimes.com
For what it's worth, a key conclusion from the IMF's new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving, on average, by more than 3 percent of GDP. I find this a disturbing result: we're now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to.
Don't just stand there, sell them something!!!! The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
we're now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to.
