Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

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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