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Seasteading Aficionado
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44,896 Posts
Discussion Starter · #1 ·
Boys, I don't think we're out of the woods, yet.



In the above chart, the day-by-day courses of the 2008 and 2010 contractions are plotted in a superimposed manner, with the plots aligned on the left margin at the first day during each event that our Daily Growth Index went negative. The plots then progress day-by-day to the right, tracing out the changes in the daily rate of contraction in consumer demand for the two events.
Read more: http://econintersect.com/wordpress/?p=1762
 

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Seasteading Aficionado
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44,896 Posts
Discussion Starter · #2 ·
Run, Turkey, Run

They say a country gets the politicians it deserves or perhaps it deserves the politicians it gets. Whatever the order, America is next in line, and as we go to the polls in a few short days it’s incumbent upon a sleepy and befuddled electorate to at least ask ourselves, “What’s going on here?†Democrat or Republican, Elephant or Donkey, nothing much ever seems to change. Each party has shown it can add hundreds of billions of dollars to the national debt with little to show for it or move our military from one country to the next chasing phantoms instead of focusing on more serious problems back home. This isn’t a choice between chocolate and vanilla folks, it’s all rocky road: a few marshmallows to get you excited before the election, but with a lot of nuts to ruin the aftermath....

We are, as even some Fed Governors now publically admit, in a “liquidity trap,†where interest rates or trillions in QEII asset purchases may not stimulate borrowing or lending because consumer demand is just not there. Escaping from a liquidity trap may be impossible, much like light trapped in a black hole.
Read much more: http://www.pimco.com/Pages/RunTurkeyRun.aspx
 
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