Jon Sindreu
jonsindreu
An important thread because it underscores the fundamental issues people like me have with ideas like this. The TYPE of employment countries have is crucial, this isn't just about demand.https://twitter.com/michaelxpettis/status/1308014
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I think today's EU deal is another example of why the "bad equilibrium" view is probably more appropiate to describe the eurozone than either wishful thinking optimism or this annoying
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