BLOOMBERG Bloomberg Technology July 13, 2024
Offset those nearterm disruptions. Does not going to be able to go on a cruise. This is a potential supply and demand shock. The supply shock, now and oil price shock. It is difficult for Monetary Policy alone to reassure markets. Monetary policy has to go to zero. Monetary policy is at its limit. It is not sufficient. It is wasting valuable ammunition. Just cutting into it is ineffective. We have much further to go for it to be truly effective. You need massive, not kind of, massive monetary and fiscal stimulus. The monetary response has been there. Focus needs to shift onto a fisc onto fisca...
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