Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
the rich richer

the investment class richer - at the expense of everyone else who participates in the economy.

by spending money provided by easy debt instead of by actual income.

by hooking consumers on a habit of corrosive easy debt instead of boosting spending by improving their real incomes.

The fact that spending was underpinned by debt and not by income, which is an invitable result of the neoliberal pollicies pursued, is the main cause of the American deficits and the need for the rest of the world to finance them.

The fact that spending was underpinned by debt and not by income is an invitable result of the neoliberal pollicies pursued and the main cause of the American deficits, as financed by the rest of the world.

arguing for yet another round of the bubble merry-go round, will can only lead to a worse outcome in the end, is utterly irresponsible.

arguing for yet another round of the bubble merry-go round [will] can only lead to an even worse correction, and is utterly irresponsible.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Aug 22nd, 2007 at 05:28:12 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series