Sunday, December 16, 2012

Micro over Macro...



Article;

http://economictimes.indiatimes.com/opinion/interviews/global-economic-turmoil-to-continue-till-2015-kaushik-basu-chief-economist-world-bank/articleshow/17643530.cms


Comment;


I would say both market and government are irrational. We can easilyspot the examples like the US and the Europe. In case of the USmarket fails and in the case of Europe government fails. In one casewe have too  much private debt and in the other too much govt. debt. Where is the relief? We need to steer economies with a common man's intelligence. I mean we need to look at micro aspects or micro economics. We do not need too much debt or may benegligible...

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