No. of Recommendations: 7
the way to get long-term growth is to put more money into capital spending and not into immediate consumption

Dunno, isn't the issue a global supply glut on almost anything?

What will turbo-charged capital spending achieve in this environment, even more supply?

Don't we need a period of broad restructuring to get rid of the misallocations?

Doesn't the "reflate at any expense" approach just prolong current misallocations, and make the eventual restructuring period much more harder?

Isn't it counterproductive long term (albeit understandable) that politicians tend to take a "not under my watch" attitude?
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