State of the global economy

State of the global economy:

Is there a case for a further co-ordinated global fiscal stimulus? Part 4 & ultima
Willem Buiter, Maverecon, September 23, 2009
Will a fiscal stimulus work as effectively when the economy has been hit by a credit crunch?
http://blogs.ft.com/maverecon/2009/09/is-there-a-case-for-a-further-co-ordinated-global-fiscal-stimulus-part-4-ultima/

It's the debt, stupid
Edward Harrison, Naked Capitalism, September 23, 2009
GDP is an inadequate measure for understanding how healthy an economy is.
http://www.nakedcapitalism.com/2009/09/its-the-debt-stupid.html

McKinsey: Growth Won't Come From Developed Nations
Mark Whitehouse, Real Time Economics, September 24, 2009
If any bankers and investors are hoping for a return to the booming U.S. financial markets of recent years, there's a good chance they'll be disappointed, according to consultancy McKinsey & Co.
http://blogs.wsj.com/economics/2009/09/24/mckinsey-growth-wont-come-from-developed-nations/