Paul Gauguin Still Life with Three Puppies

Paul Gauguin Still Life with Three PuppiesPaul Gauguin Nave Nave MoePaul Gauguin Manao tupapau
act decisively. Do too much rather than too little. Delays in financial packages have cost a lot already. Further rounds of debate will stoke uncertainty and make things worse.
Second, undo the effects of uncertainty on the portfolio side, and help recycle the funds towards risky assets. The standardthemselves. To caricature: if the world loves American Treasury bills but the funds would be more useful elsewhere, then the government should issue the bills, and use the proceeds to channel the funds where they are needed. It should buy some of the riskier assets, and return some of these funds back to emerging-market countries to offset capital outflows. This is indeed close to what America’s Federal Reserve is now doing with quantitative easing at Home and swap lines to foreign central banks. The only difference is that the Fed issues advice here is to return the private financial sector to health through recapitalisation. That is absolutely right, but easier said than done. And, while damage is slowly repaired, it makes sense for states to recycle part of the funds