2011/09/07

We must listen to what bond markets are telling us - FT.com

We must listen to what bond markets are telling us - FT.com

By Martin Wolf

What is to be done? To find an answer, listen to the markets. They are saying: borrow and spend, please. Yet those who profess faith in the magic of the markets are most determined to ignore the cry. The fiscal skies are falling, they insist.

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