Ainda sobre o plano do Tesouro norte-americano e o início da retoma

Transcrito do RGE Monitor's Newsletter (podem subscrever):

Ainda sobre o plano do Tesouro norte-americano (ver aqui, também):

"[...] Nouriel argues that the Geithner plan is not an alternative to nationalization. In his view, insolvent banks should be nationalized and the Geithner plan should not apply to them. But solvent banks still need to have their toxic assets disposed of; and for these banks the Geithner plan provides a solution that - all in all - is better than the alternative. Those who don’t like the Geithner plan on the basis that they prefer nationalization are right that the insolvent banks should be nationalized. But they usually don’t give an explanation of how they would dispose of the toxic assets of solvent banks. Also, those who criticize the Geithner plan as a solution to the toxic assets of solvent banks should come up with an alternative that works and that is less costly to the government than the Geithner plan. Check out: “New York Times Deal Book: Dr. Doom Finds Promise in Obama’s Toxic-Asset Plan” and “Geithner Presents a Viable Plan to Dispose of the Toxic Assets...that Does Not Rule Out that Insolvent Banks Should be Taken Over” .

Ainda sobre o início da retoma (ver aqui, para a discussão das "letras" referidas abaixo):

"The light at the end of the tunnel may be the one of the recovery of growth after a long and ugly U-shaped global recession or that of the incoming train wreck of an L-shaped global near-depression. Avoiding the L is possible but it requires much more coherent and aggressive policy actions in the US, China and all over the world. So stay tuned for the details. Read: “Update on the Global Macro and Policy Outlook” and “Article summarizing the US and global economic outlook”"