debt supercycle

A quick guide to the “Emergency Economic Stabilization Act of 2008”

There are only five things of significance about the Emergency Economic Stabilization Act of 2008 (EESA), in my opinion (although we do not yet have the final version): Drafted in haste, it will have many and serious unintended consequences. Its provisions are largely irrelevant to our economic problems, intended to treat the symptoms. Our leaders have …

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Is the US economy in good shape, or in terrible shape?

The comments on the FM site contribute much of its value.  Some I lift into posts, as they capture important perspectives in the debate about current affairs.  This comment by Tom Grey was posted in reply to my 26 September post A picture of the post-WWII debt supercycle.  As it represents a widely held view, I …

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A picture of the post-WWII debt supercycle

Summary:  a brief description of the post-WWII debt supercycle, now ending.  This describes the problem (posts listed at the end give more detail and links to authoritative studies).  What should we do about this?  For my recommendation see A solution to our financial crisis (you will probably find it shocking, unfortunately).   For many months we were told …

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Can you see the signs of spring in the coming of winter? A note about the recession.

My framework for analysis of current economic events sees this as the end of the post-WWII geopolitical and economic regime.  Like walking through a forest and seeing only trees, it is difficult to grasp the magnitude of these events.  Long-term graphs are needed, and easily show that current events reflect the ending of a long …

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Death of the post-WWII geopolitical regime – death by debt

But this *long run* is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. — John Maynard Keynes, “A Tract on …

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