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06/19/2011

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an observer

Brad DeLong, a real economist, slaps Posner, et al

http://delong.typepad.com/sdj/2011/06/collapse-of-the-chicago-school-gary-becker-edition.html

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I agree with the observer above. I can't see how anyone could have expected a V shaped recovery after the kind of crash we experienced.

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The principal cause of the GFC and the reason this time is different is due to the decline of the wage share caused by over 70 years of inflation as shown in this model. http://johanraft.files.wordpress.com/2011/06/volcker-corrected.png

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I go through the blog and read about uncertainty.....The very idea that the answer for Greece or any country to climb out of economic problems is to devalue or inflate their currency is exactly what has led the world into this mess...Thanks

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のテーラーから裾は非常に基本的な裾のための$ 55の複数の層のための$ 200までの範囲かもしれないが、ウエディングドレス縫製の部屋の周りに自分の道を知っている人にとっては困難な雑用ではないかもしれません。それはすべてのガウンの構造に依存する。裾は非常に単純であるが、あなたのカラードレス 格安
は、裾でのレースがある場合、それはより広範な作業を必要とするかもしれないことに注意することができます。<

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