Economia

Stockman explica a crise

""We are not in a conventional business cycle recovery, so stimulus is futile and just adds needlessly to the $9 trillion of Treasury paper already floating dangerously around world financial markets. Instead, after 40 years of profligate accumulation of public and private debt, and reckless money-printing by the Fed, we had an economic crash landing, which left us with an enduring structural breakdown, not just a cyclical downturn. ...
""In effect, we undertook a national leveraged buyout, raising total credit market debt to $52 trillion which represented a 3.6X leverage ratio against national income or GDP. By contrast, during the 110 years prior to 1980, our aggregate leverage hugged closely to a far more modest ratio at 1.5 times national income.
""The only solution is a long period of debt deflation, downsizing and economic rehabilitation, including a sustained downshift in consumption and corresponding rise in national savings.""

David Stockman. US government budget director under President Ronald Reagan

- História Dos Calotes Argentinos
Argentina’s Long History of Economic Booms and Busts By Shane Roming BUENOS AIRES –Argentina has defaulted on its external debt seven times and on its domestic debt five times since independence...

- Divida Japonesa
Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise By Mayumi Otsuma - Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase...

- Sobre Paul Krugman
Overrated Overrated: Paul Krugman JOHN PHELAN July/August 2012 From his perch in the New York Times he says one ridiculous thing after another. In the British context Krugman's risible thesis is that the economy is...

- A Crise Japonesa Continua
Three Reasons Japan’s Economic Pain Is Getting Worse Japan’s economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt. Japan’s ratio of government debt to gross domestic product, currently...

- Lições Da História E A Dívida Americana
Os EUA passam hoje por uma crise de confiança, que pode levar a uma crise de liquidez (como Itália e Espanha) e com menor probabilidade a uma crise de solvência. Christina Romer parece sugerir como evitar que a crise de confiança degenere em coisas...

Economia