Random quotes, images, and thoughts from Ed Ireson.
“The Financial Crisis Responsibility Fee is understandable and defensible. It will continue to attract lots of attention and heated debate. Yet, in itself, it will not be a major determinant of the longer-term outlook for the advanced economies. In fact, it does little to address the real issues. The advanced economies must urgently shift from a largely cyclical post-crisis response to more holistic structural measures. The longer this shift is delayed, the greater the pressure for ad hoc measures that generate lots of headlines but are ineffective in restoring robust medium-term growth and dynamic job creation.”
- Mohamed El-Erian (via, uhh, @billgates)
