August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031

Recent Posts

The Balance Sheet Recession

In this interview Richard Koo set out his thoughts on the current GFC in a very succinct manner. I agree with him 100% up until the point he starts arguing for government stimulus to tackle the deleveraging.

My opinion is that he is exactly right that this event is a large scale ‘balance sheet recession’, which [...]