Around the Net in 10 Posts – Tuesday May 8, 2012

Here is what I have been reading (and trying to understand) this morning: Private Jobs Increase More With Democrats in White House (Bloomberg) Long Term Secular Cycles on S&P (The Big Picture) Call On EFSF/ESM To Fund Bank Recapitalisation (ForexLive) Christine Lagarde urges indebted European countries to cut deficit slowly (The Sydney Morning Herald) Can…

To Cut or Not To Cut, That is the Question

IMF head is asking indebted countries to reduce deficit slowly. “Christine Lagarde said in a speech in Zurich that  steep cuts tend to slow an  economy, particularly if a nation is already  suffering from weak growth.” French President-in-waiting, Francois Hollande, is going to put France on a new course. “Europe is watching us, austerity can no…