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[thetorydiary] David Cameron warns of the economic pain to come as Nick Clegg ...: Cameron said: “Proper statesmanship is taking the right action, explaining to people the purpose behind the pain.” The prime minister said there would be no “trampoline recovery” of the economy. He warned there was a “serious problem” with forecasts inherited from Labour of robust 3% growth next year.

[Truthout - All Articles] t r u t h o u t | Economic Crisis Is Getting Bloody - Violent ...: Sanchez asked the deputy to wait, walked back into his home and shot himself. In February, however, it was the former "RV capital of the world," Elkhart, Indiana -- a financially-devastated community where President Barack Obama made an appearance to push his economic recovery package.

[Meganomics] Canberra grants ease Sunshine State's pain - Meganomics Blog | The ...: Major sections of QLD population growth has far outstripped the rest of Australia and employment/wages have been strong during the booms. Perhaps what Queenslanders have to show for it is relatively healthy super balances and large paper profits on their highly leveraged homes (to your point George, cuts to land tax and stamp duty helped feed this bubble), albeit at the expense of public infrastructure investment.

[Decline of the Logos] Why now is the right time to cut. Probably. « Decline of the Logos: The argument put forward by the Tories is that if we don’t start cutting now it’ll cost us more to refinance our debt, wiping out any increases in GDP that have arisen from the Government spending that’s raised demand. However, this argument only works if private demand is such that it can take the place of Government demand in maintaining economic growth.

[RagingDebate.com] RagingDebate.com » Economy » EU Debt Crisis - US Economist Fears ...: A restructuring of Greek debt could happen as soon as August, when the Balkan country is due to receive another tranche of funds from its lending agreement with the International Monetary Fund (IMF) and the European Union, according to Weinberg.

[Jakarta Globe RSS: Business] Paul Krugman: Pain, But No Gain, In Popular Wisdom - The Jakarta Globe: Dangers abound, of course. But the most ominous is the spread of a destructive idea: the view that now, less than a year into a weak recovery from the worst slump since World War II, is the time for policy makers to stop helping the jobless and start inflicting pain.

[TPMCafe] Why Economic Advisors Are Paid To Be Economic Advisors | TPMCafe: B) Tell the President you understand the political pressures for deficit reduction are growing, and Republicans are making headway fooling the public into believing that this terrible recovery is due to to excessive government deficits. So so it's perfectly fine for the President to bend to those political pressures.

[Phil's Favorites - By Ilene] UK Prime Minister Warns “Years of pain ahead, No Trampoline ...: DAVID CAMERON has warned that the economy is in a far worse state than previously thought and signalled that Britain faces years of “pain” as the spending axe falls.

[Local World News, India News, Bollywood Gallery, Education, Answer Papers, Results, Exam Results] BoE to freeze interest rates to numb fiscal pain | Local World ...: World Class News Qnet.in .“Relative muted recovery following deep recession, the looming major fiscal squeeze and the risk to UK economic activity coming from the euro zone debt crisis make a strong case for the BoE to keep its finger off the interest rate trigger,” said Howard Archer, an economist at IHS Global Insight.

[Paul Krugman] Madmen in Authority - Paul Krugman Blog - NYTimes.com: So wise policy, as defined by the G20 and like-minded others, consists of destroying economic recovery in order to satisfy hypothetical irrational demands from the markets — demands that economies suffer pointless pain to show their determination, demands that markets aren’t actually making, but which serious people, in their wisdom, believe that the markets will make one of these days.

[Memex 1.1] Memex 1.1 » Blog Archive » The Pain Caucus: The answer, as best I can make it out, is that the organization believes that we must worry about the chance that markets might start expecting inflation, even though they shouldn’t and currently don’t: We must guard against “the possibility that longer-term inflation expectations could become unanchored in the O.E.C.D. economies, contrary to what is assumed in the central projection.”

[Eurothinkers | Centre for European studies | Thinking Europe | Blog] Eurothinkers | Centre for European studies | Thinking Europe ...: I know that there is not a little concern at the difficulties of the euro and complaints that the EU’s policy makers have been slow in rectifying what may be seen as substantial omissions in the original design of European Monetary Union.

[Want Less Blog] 'THE PAIN CAUCUS,' by Paul Krugman in the Sunday New York Times ...: Dangers abound, of course. But what I currently find most ominous is the spread of a destructive idea: the view that now, less than a year into a weak recovery from the worst slump since World War II, is the time for policy makers to stop helping the jobless and start inflicting pain.

[Pat Dollard | Young Americans] Pat Dollard | Young Americans | Blog Archive » British Prime ...: Cameron said he had not seen the report being prepared by Sir Alan Budd, the head of the government’s new budget watchdog. MPs expect that Budd will scale down the current growth forecasts to somewhere nearer the average predictions of independent economists, who believe next year’s growth will be a sluggish 2%.

[PlanetPOV] Morning Blog-6-12-10 | PlanetPOV: “Alistair Darling: Tories have misled voters on spending cuts. Ex-chancellor will demand apology for 'exaggerated' claims of economic .

[abitare's Blog] Home prices in record plunge: If the american dream is a suburban house with a dog and white picket fence, then the lower the prices will go, the more people will live the american dream. Housing prices desperately need to come down. I know you don't like that, since you personnaly own a house, which is probably worth less than what you paid for, and, like every home owner who's got a mortgage, you'd like to see your interest rate come down. I'd like to see mine go down too.

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