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Source link: http://archive.mises.org/17288/zombinomics-and-volitility/

Zombinomics and Volatility

June 14, 2011 by

Spengler  (David P Goldman) writes in the Asian Times,

We aren’t going to have another financial crash. In fact, nothing at all is going to happen. Forecasting the United States economy is about as exciting as predicting next quarter’s gross domestic product in 1957 Poland. You want to know what’s going to happen, comrade? Read the Five Year Plan. With 40% of US personal income coming from transfer payments, it’s almost nostalgic to call it capitalism.

 

Banks reduce total loans and leases to private borrowers

{ 3 comments }

Inquisitor June 14, 2011 at 12:32 pm

Volatility*

J. Murray June 14, 2011 at 1:19 pm

Decent analysis, except for the whole “zombie banks are better than letting them crash out and liquidate” argument. I’d rather have someone yank my tooth out by slamming a door than have someone slowly twist it out with pliers.

Windows Hater June 15, 2011 at 10:36 pm

I’d rather keep my tooth.

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