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This week’s Outside the Box is an incendiary blog written by Steve Keen on debt deflation and GDP growth. I am not certain as to his math (is he double counting debt and consumer spending?) but he does illustrate very well the problem of a deleveraging recession, which I have been writing about...
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Posted to
Daily Pfennig
by
Chuck Butler
on
01-05-2009
Filed under:
Filed under: Employment, Dollar, Oil, ISM Index, The Fed, GDP, Jobs, Janet Yellen, OPEC, Barack Obama, Quantitative Easing