The IMF predicts that its economy will grow by only about 2% a year until 2018 a feeble pace compared to rates of over 10% during the boom.
The solution lies not in cutting interest rates further, but in shaking up the over-regulated mortgage market.The blame for the euro area's feeble growth rate lies mainly with an over-tight fiscal policy and structural rigidities.
For years, it pottered along, weighed down by the regulations that made up the licence raj, producing only a feeble "Hindu" rate of growth.
Add in the underlying concerns about the Italian economy's feeble growth rate, and investors are understandably worried about the Italian government's ability to shoulder its huge debt.In theory, these concerns should be easy for a grown-up government to address.
No one can say for sure whether the "i" can help increase feeble advertising rates.
That bet will pay off as long as growth is not too feeble, interest rates do not rise too fast and the supply of new space does not swamp demand.
The second-quarter growth number, a feeble 1.3 percent annual rate, is not nearly enough to stop unemployment from rising even higher.
While recovery in the United States, Japan and Europe remains feeble and unemployment rates high, Australia's economy has rebounded rapidly, thanks largely to voracious Asian demand for its natural resources.
The culprits ranged from a widespread faith in the academic efficient-market hypothesis to the feeble standards at credit rating agencies, which allowed bundles of subprime mortgages to be treated as "investment grade," to regulators and policy makers who did not understand the severity of the situation until it was too late.
Over the past few years, hedge funds–frustrated with interminably low interest rates and feeble returns with such strategies as equities and convertible arbitrage–have followed the lead of funds like Silver Point and piled into the distressed debt markets.
