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Recent Posts

St. Louis Fed Chief James Bullard: Dueling With the Deflation …

Down one path, he argues, is the chance that low inflation married with low interest rates may lead to the kind of deflation that crippled Japan for a decade and is considered a threat to the Japanese economy now. The other … [...]

Naked Capitalism and My Scary Minsky Model | Steve Keen's …

I met with Yves Smith of Naked Capitalism on the weekend, at a superb Japanese restaurant that only New York locals could find (and I'll keep its location [...]

Learning From Japan's Deflation Trap – Seeking Alpha

Learning From Japan's Deflation Trap. Jul 6 2010, 07:03 by: Alex Filonov. Maybe we are all looking at the wrong things? Maybe we are not in the Great Depression 2.0, but in something new? Let's take a look at Japan . The usual explanation  … [...]

“They Deal in Real Things”

”The Chinese want a gateway into Europe,” said Deputy Prime Minister Theodoros Pangalos. ”They are not like these Wall Street —–, pushing financial investments on paper. The Chinese deal in real things, in merchandise. And they will help the real economy in Greece.”

http://www.theage.com.au/world/china-forges-a-new-silk-road-to-the-west-20100704-zvrz.html

… and there just in one simple statement is the essence of economics.

Dealing [...]

BATHTUB ECONOMICS – Jubilee Update by Craig Hill

Bathtub theory of economics: Is the water level in the bathtub rising or declining? What is coming next? Economic inflation, or deflation? Understanding the next part of the Jubilee [...]