Moving away from stimulus happy talk to focus on malinvestment

Advertisement For the period leading up to the panic last year, I had been warning of a rather severe recession. My view at the time was that what was needed was a realignment of America’s industrial organization away from finance and housing where serious overinvestment meant many firms would fail and asset prices would fall.This
You've hit the monthly limit!! To date, I have supported the site out of my own pocket and through advertising. But to keep the site going, I need your financial support. Please click here to read how you can help. Your support will be greatly appreciated.

Get real time updates directly on you device, subscribe now.

Do NOT follow this link or you will be banned from the site!