Quote Originally Posted by jk View Post
....with rates already on the floor what can the monetary and fiscal authorities do?

....
well, eye was under the impression that had already been worked out... in 2002?

heeere's dave:

Well, time to come up with a different tool. Here’s Citi:

We now think that the move to central banks endorsing fiscal policy and essentially monetizing the added spending will be relatively quick and direct, in the event of a sudden slump in the global activity.
When we wrote earlier on this subject we arrived at fiscal after other alternatives had been exhausted, but we now think it can be managed within the current monetary policy framework of most central banks.

Yes, the chopper.