Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Note, I'm not talking about what's rational here, but about what's perceived by the "market", picking up on ThatBritGuy's meme which I find useful.

The point about nominal growth is well taken; therefore, the markets need to be convinced that the monetary authorities will ensure nominal growth. (are we there yet?...)

Likewise, my prescription for restoring faith in real growth, or at least a sustainable market environment, requires instilling faith in the markets that energy needs will be catered to at predictable prices. This requires clear public policy, and probably massive public investment.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Jan 30th, 2012 at 11:26:56 AM EST
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