It’s a Growth Scare - Democratic Underground

phantom power

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Mon Aug-08-11 12:03 PM
Original message

It’s a Growth Scare

FTalphaville has been saying this all day, and it’s right. The action in the markets looks nothing like worries about US solvency; it looks exactly like what you expect to see when markets suddenly realize that the economy’s growth prospects look terrible.

Truly, our public discourse has been entirely about problems we don’t have, at the expense of dealing with the problems we do have.

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Bonhomme Richard

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Mon Aug-08-11 12:10 PM
Response to Original message

1. They haven't figured out how they can keep all the money and still.....

create demand from a consumer that is rapidly depleting it's own reserves.
The credit bubble did it for a while but that load is shot.

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