conraddobler
I want my 2$
- Joined
- Sep 1, 2002
- Posts
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http://www.businessinsider.com/richard-koo-recession-2010-4#-1
That's a very good presentation on how our situation is very much like the situation in Japan.
Debt bubbles burst when asset values burst and it take a very long time to repair that damage in the private sectors balance sheets.
We seem to be nicely following along their tragectory and that means this is going to last a very long time.
Nothing terrible is going to happen right away but eventually the government debt will grow to gigantic proportions because it'll continue making up for the money we're not spending or borrowing.
Unless they go full on austerity which will cause the economy to implode much faster.
That's a very good presentation on how our situation is very much like the situation in Japan.
Debt bubbles burst when asset values burst and it take a very long time to repair that damage in the private sectors balance sheets.
We seem to be nicely following along their tragectory and that means this is going to last a very long time.
Nothing terrible is going to happen right away but eventually the government debt will grow to gigantic proportions because it'll continue making up for the money we're not spending or borrowing.
Unless they go full on austerity which will cause the economy to implode much faster.