I was looking at the jigsaw known as the worldwide economic recovery, and I got up crying. Just a couple of pieces, a little bit of tweaking, and everything might be OK.
But, the people who matter sometimes aren't listening.
Not that they couldn't care less.
Perhaps their education gives them a particular picture, and they rigidly stick to that.
Or maybe they have some restraints only they know about.
But, really, it is a serious matter.
At the beginning of the last recession, in 2008, the Cycles Research Inst. concluded that the world slid into that recession because the major economies had been slow in cutting interest rates.
Now, most economies have started to cut the interest rates.
Nigeria and India seem the exceptions. At 12 percent and 8-and-a-quarter percent
respectively, those economies are likely to stall under present conditions of the key macro drivers (Price of Oil and Interest Rates). I would respectfully suggest to them to consider and cut the interest rates towards the ideal six percent per annum.
I would welcome your views on this matter.