seems another "respected" economist is using the D word Doug Noland
Going forward, I expect a foundering leveraged speculating community to be At The Heart of Deepening Monetary Disorder. The initial victims appear
the fragile global equities market Bubbles and the U.S. Corporate Credit market. Forced deleveraging of hedge fund corporate debt and derivatives is
in the process of creating a massive overhang of securities to sell, in the process profoundly curtailing Credit Availability and Marketplace
Liquidity throughout. The ramifications for our finance-based Bubble Economy are momentous
ya that's not good doug, what else you see in your crystal ball?
As an economic and financial analyst (as opposed to "fear-monger"), I feel it is imperative to highlight that it is more "technically"
accurate to categorize the unfolding scenario in the historical context of an economic "depression" rather than "recession." This is certainly not
shaping up as a short-term inventory-led economic adjustment or "mid-cycle" slowdown. Instead, we have now entered the very initial stages of what
will likely prove a deep, prolonged and arduous adjustment to the underlying structure of our Credit and economic systems
ok wish i didn't ask , but like i have said for a while the current world econmic order is based on the american consumer in the driver seat, and
other national govt's go along with this scheme at the plight of their own citizens, because it is a "globalized business" and they have been
making decisons based on what is good for this business. When the american consumer can know longer be the benefactor of bubble's the need for
another system is created. That time is imminet. The new global business model will be also known as the New World Economic/Financial Order and it
will rise out of the ashes in the problem , reaction , solution model.