(about rally in the high yild segment: people are always more interested in capital income, than return on capital:))
(if new incentives are needed, they should be focused not on maintaining the current level of consumption, but to increase consumption in the future)
(everybody knows, that the fiscal crisis is approaching. Okay, that this is not economic, but the political and cultural problem)
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what unites Groß, Rosenberg and Richard Koo?
the same idea: long period of low growth.
in my mind, all three talk about the same thing, the same but in different words, highlighting different priorities. the first to think about bonds, the second does not let go of the desire to show Kuzkin's mother selside, the third sees himself as a fighter against the shortcomings of the mainstream economy.
for example, Robert Doll and Jan Hatzius are also close to this consensus., but on the upper bound of optimism.
but Albert Edwards almost falls outside the southern border of the consensus.