Friday, April 17, 2009

Mish on the Glut

Mike Shedlock demolishes the supposed savings glut which Zimbabwe Ben and our newest Economics Nobel Laureate Paul Krugman favor at his Global Economic Analysis, 7 April 2009, link: http://globaleconomicanalysis.blogspot.com/2009/04/neither-krugman-nor-bernanke-can.html. Read. Enjoy and realize how bad the current state of economic analysis is.

1 comment:

Anonymous said...

All the fancy academic foo foo is not persuasive to the "regular people"...

Enough "credit crack" ZimBen...

Gear your presses for lower volumes... no saving da banks by "re-inflating the consumer"...that's zombie/land.