Who Will Stimulate the other Economies?

As bad as things are in the U.S., other countries have it worse.  Some anecdotal evidence from around world:

Today, the Bank of England lowered its benchmark interest rate to 1%, the lowest its been since the bank was founded in 1694.  Economic experts expect the U.K. economy to shrink in 2009 at a rate faster than any year since 1946, and faster than any other industrialized country.  Inflation in the UK has dropped by 1% in a month (the fastest ever) is expected to fall well below the target rate of 2%.  To me, that is the most amazing statistic.  And get this:  To protest skyrocketing unemployment and fewer work hours, British workers have been staging walkouts at oil refineries and power plants.  Refusing to work because you don’t have enough work to do?  I’m missing the logic there. Read more