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'Ineffective demand' - the reason that economies can't improve any time soon


Like most of the world, average real incomes in the US have declined since 1972. But this can be remedied. I've explained how. In 2001, in an article in a British journal I forecast a worldwide financial collapse by 2009, suggesting that we had to reverse the effects of tax regimes that reward real estate speculation and fine production, thrift and energy. This was followed up in an article in THE AGE in 2005 saying that the real threat to the economy was not inflation but a deflation in asset prices.

Maybe I should be blogging on Seeking Alpha, but meanwhile I'll continue at The Depression.

Disclosure: Short! Short! Short!