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.
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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.
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