[lbo-talk] global stimulus: "colossal"

[Doug Henwood]

Ed Hyman, Wall Street's favorite economist, has been keeping tabs on  
global stimulus programs. In today's review, he says the latest round  
- over $200 billion from Japan, and a $27 billion fund to buy  
distressed corporate bonds in Korea (the equivalent of about $500  
billion in the U.S., GDP-wise), plus a number of deep central bank  
interest rate cuts - brings the global total from the "massive" to the  
"truly colossal."