Jesse's Café Américain

Saint Michael the Archangel, defend us in battle; be our protection against the wickedness and snares of the devil. May God rebuke him, we humbly pray: and you, Prince of the heavenly host, by the power of God, thrust into Hell Satan and all of the other evil spirits who prowl about the world seeking the ruin of souls.

Showing posts with label deleveraging. Show all posts
Showing posts with label deleveraging. Show all posts
21 April 2009

Collapsing US Aggregate Demand Strikes Imports Hardest

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Falling aggregate Demand and the weaker dollar have finally broken the back of the parabolic growth of imports and the US trade deficit. As ...
09 March 2009

Finacial Crisis Racks Up $50 Trillion in Worldwide Losses in 2008

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This is the price we pay for chronic malinvestment, unsustainable imbalances, a bubble in the world's reserve currency, and a blind eye ...
09 February 2009

The Incontrovertible Truth About Debt, Deleveraging, Devaluation and Recovery

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It is incomprehensible that any informed economist does not understand this difference between deflationary deleveraging and a cyclical rece...
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