10-02-2015, 01:59 PM
Nobody Understands Debt
FEB. 9, 2015
Paul Krugman
Many economists, including Janet Yellen, view global economic troubles since 2008 largely as a story about “deleveraging” — a simultaneous attempt by debtors almost everywhere to reduce their liabilities. Why is deleveraging a problem? Because my spending is your income, and your spending is my income, so if everyone slashes spending at the same time, incomes go down around the world...........
http://www.nytimes.com/2015/02/09/opinio....html?_r=0
FEB. 9, 2015
Paul Krugman
Many economists, including Janet Yellen, view global economic troubles since 2008 largely as a story about “deleveraging” — a simultaneous attempt by debtors almost everywhere to reduce their liabilities. Why is deleveraging a problem? Because my spending is your income, and your spending is my income, so if everyone slashes spending at the same time, incomes go down around the world...........
http://www.nytimes.com/2015/02/09/opinio....html?_r=0
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.