On Tuesday, August 16, 2005 3:12 PM [PDT], Jim Devine <[EMAIL PROTECTED]> wrote:
> is this what's called a "low level equilibrium trap" where the economy > is horrible, but stable? > > >> Despite insurgency, IMF says Iraq's economy is stable >> >> WASHINGTON (AP) — Despite the insurgency and slow pace of >> reconstruction, Iraqi authorities have achieved some economic >> stability and started some reforms but need to do more, the >> International Monetary Fund said Tuesday. It was its first formal >> report on the nation's economy in 25 years. "Flatlining" is a stable state... isn't it? Leigh www.leighm.net
