Krugman: Nothing will be fixed until demand is substantially increased.
The global savings glut isn't going away... http://krugman.blogs.nytimes.com/2015/04/01/liquidity-traps-local-and-global-somewhat-wonkish/ A good read. Cheers, Scott. (Who realizes Krugman is a bit more circumspect than my quick summary.) |
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Unemployed people don't buy stuff.
I haven't bought a 6 pack in 5 weeks. Satan (impatiently) to Newcomer: The trouble with you Chicago people is, that you think you are the best people down here; whereas you are merely the most numerous. - - - Mark Twain, "Pudd'nhead Wilson's New Calendar" 1897 |
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Good point. (Hang in there.)
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Krugman: Nothing will be fixed until demand is substantially increased.
- (Another Scott)
- (2)
- April 1, 2015, 07:23:09 PM EDT
Unemployed people don't buy stuff.
- (lincoln)
- (1)
- April 3, 2015, 03:04:46 PM EDT
Good point. (Hang in there.)
-NT
- (Another Scott)
- April 3, 2015, 06:21:51 PM EDT