We are matching spark and flame
Caught in endless repetition
Life for life we'll be the same
I must leave before you burn me
--The Fixx
Interesting comparative analysis of where we stand versus the Great Depression. Using industrial production, exports, or equity valuations, our current situation is very comparable to Depressionary metrics.
The 'good news,' according to the analysts, is that policy responses have been quicker and more extreme this time around.
I'm wondering whether this doesn't suggest that we're merely digging a deeper hole to crawl out of...
Monday, June 22, 2009
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2 comments:
$12T bought us almost one quarter of pseudo-recovery. I'm not sure what's left, except to fire up the presses.
They are (and will) print supply like crazy. The question is whether it'll offset the decline in demand.
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