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Recent Posts

Aaron Wissner part 4 of 4 on the State of the Economy, the Credit Collapse, and Deflation

Aaron Wissner describes the difference between the present recession and the recession (depression) of the 1930s; a positive vision of the future beyond the money crisis; and a proposal on how to prevent a collapse, provide jobs for everyone, and build community resilience. Note: I heard the idea about the teacher’s aides via a WSJ interview with Robert Shiller of the Case-Shiller index, not Peter Schiff as I mentioned. Both Shiller and Schiff, along with ten others, accurately predicted the recession by using proper money-flow models of the [...]

Aaron Wissner part 3 of 4 on the State of the Economy, the Credit Collapse, and Deflation

Aaron Wissner explains the difference between deflation and a recession and discusses: economic shocks, expectations, deflationary spiral, the contraction of the money supply, savings, velocity of money, private sector business sales, unemployment, confidence, and pessimism. He then talks about what to expect for the housing markets including: foreclosures, under water, housing bubble, total mortgage debt outstanding, bank credit, debt, promissory notes, assets, liabilities, Detroit, median price, jobs, work, employment, selling, rental, apartments, risk, Netherlands, and housing [...]