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Excellent article. I especially liked your line - >> "What happened to global capital during this time? We ate it; it’s gone" >>
Jan 08 12:14 pm
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All Comments by axelrod608 »Why We Need a Recession [View article]
And the "marginal utility of debt" concept is so important in a climate of gummint insistence of reinflating the debt producing bubble that got us into this mess.
Listening to Obama's speech a few minutes ago reinforced my opinion that the only CHANGE will be the names on the doors and desks. The next batch of "leaders" thinks exactly the same way, using the same underlying assumptions as the outgoing ones.
Keep your powder dry, your stops tight and your seatbelt fastened - we're in for a bumpy ride.