Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994

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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