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"Productivity growth is causing incomes to grow, and that is supporting spending".
The ECB is preoccupied by moral-hazard risk – the idea that supporting spending will relieve the pressure on governments to act.
Angus Robertson, the SNP's Westminster leader and election campaign director, said the SNP's clear lead in former Labour strongholds was instead clear evidence Labour was being punished for its collaboration with the Tories during the independence referendum and for supporting spending cuts.
The importance of mortgage refinancing in supporting spending may explain why Mr Greenspan tried (but failed) to keep the bond market happy by signalling that short-term rates would remain low for as long as it takes to achieve strong growth and ward off deflation.
Uncertainty continues to be a key challenge for Greece as voters in a similar move to the French, overwhelmingly rejected mainstream candidates supporting spending cuts.
Similar(53)
The French still consider their soaring government deficit as necessary to support spending on recovery.
If Americans do not have jobs, they do not have the income to support spending.
Unemployment cheques support spending when workers are laid off, helping to smooth the business cycle.
So Mr. Clinton decided not to support spending programs tied to the standards.
The chief executive, William Schrader, is under pressure to raise cash to support spending of about $500 million a quarter.
Virtually everyone supports spending as much money as it takes to fight the war on terrorism at home and abroad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com