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A comment on What's holding back the world economy?. Parent comment

Re:What's holding back the world economy? by arethuza on Tuesday February 09, 2016 @06:38AM (#11064634)
That reminds me of a statement that the CEO of the multinational I used to work for made in 2008, he said:

"Management best practice is to 'cut fast and deep' at the start of a recession"

"We're really surprised how quickly demand has dropped"

I wasn't daft enough to point out to the CxO who passed this message along to us that if everyone is doing the first of these then surely the second shouldn't come as a surprise?

[NB this wasn't a criticism of the CEO implementing a 'cut deep and cut fast' policy - he was exceptionally good at his job, just surprise that given he was so obviously extremely bright that he didn't make the obvious inference.]

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Re:What's holding back the world economy? by static_noise on Tuesday February 09, 2016 @06:45AM (#11064661)
Micro-economy and Macro-economy have two totally different goals.

This is the reason why the state takes on more and more debt to cover the monetary failings (in the macro-sense) of the private industry.

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