Deal or No Deal... Nothing Was Fixed
January 2, 2013 - 2:50pm
A month back I warned that the US political class was adopting the very same tactics employed by EU politicians in combating our growing economic/ financial problems. Those tactics are as follows: Stage a meeting/ talk Spread rumors that a solution had been reached (verbal intervention to prop the markets up) Fail to address any real issues or provide solutions End the meeting with a PR campaign that much was accomplished without providing any details Wait for the markets to realize that nothing was fixed and fall Repeat the whole process over again This strategy has allowed EU officials to drag out the Greek issue (a country whose economy comprises only 2% of the EU’s GDP) for over two years with little political consequences for the key players. Seeing this, the US political class is now employing these tactics in full force as revealed by the...
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