the short, sharp shock is better than the long, drawn-out adjustment.

**wim121** · 18 February 2012, 21:27

It should be considering how much profit they make off oil sales ....

**sasguru** · 18 February 2012, 21:32

Originally posted by BrilloPad View Post

US economy is stepping on the gas - Telegraph

What short sharp shock? Didn't they do the largest economic stimulus in history?
Shows that the opposite of austerity is what is needed?

**Jeff Maginty** · 18 February 2012, 22:00

..

**scooterscot** · 18 February 2012, 22:00

That's what they say if you're going to hang. We must have been really naughty to be strangled.

**AtW** · 18 February 2012, 22:04

US tax laws encourage long term investment - 15% CGT on those.

**MrMark** · 19 February 2012, 10:22

Originally posted by sasguru View Post

What short sharp shock? Didn't they do the largest economic stimulus in history?
Shows that the opposite of austerity is what is needed?

They did have major cuts at local state level. More importantly they had a house price crash, and now their economy is able to grow again.

**TimberWolf** · 19 February 2012, 10:41

I think you have to have the crash, when things are bad, before you can rebuild. Propping up broken infrastructure is either prolonging the pain or worsening the crash when it happens. The US and Iceland may have had theirs and are coming out the other side, but GB is still busily building up debt, so it's hard to be optimistic for us.

the short, sharp shock is better than the long, drawn-out adjustment.