That hissing? It's the sound of bubblenomics deflating | Guardian

That hissing? It's the sound of bubblenomics deflating Guardian daily comment Guardian Unlimited:
Robert Brenner Wednesday September 26, 2007

That hissing? It's the sound of bubblenomics deflating Merely cutting the cost of borrowing will do little to remedy the long-term weaknesses of the advanced economies.

The mortgage lending and banking turmoil in Britain and America seems to be contained, but its future course remains very much in doubt. If, as senior officials have long contended, economic fundamentals are strong, fears about the impact of the crisis should be allayed. But are they?