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Willem Buiter: "Non-Negligible" Risk of Default by US and UK

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Willem Buiter takes no prisoners. In his latest post, 'The green shoots are weeds growing through the rubble in the ruins of the global economy', he dispatches the idea that recovery is around the corner. He also says that Simon Johnsom may be correct in his view that the government is captured by the finance sector, not merely by subscribing to their world view, as he has argued before, but in the mercenary sense.

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