Punched tape

Sami has a hole in his pocket.

An economy hit by a shock does not maintain its buoyancy rather, it becomes a leaky balloon.

There is an old saying about monetary policy being useless in recession because the effect of lowering interest rates is like pushing on a string.

But the 700 billion to be used may flow into a leaky bucket, and so may the billions provided by governments throughout the world.

There is an old saying about monetary policy being useless in recession because the effect of lowering interest rates is like pushing on a string. That happens when confidence and wealth have been destroyed, at which point rate cuts do indeed become useless.