There are more and more indications, we may face the reality of Depression Economics. First, we may wish to learn more about the Great Depression as a colorful example:
Here we have a webcast with publication by Societe Generale from December 2008.
And Danske Bank has the publication today.
While I am not attaching my heart to any of opinions above, they provide fair amount of insight. For example, the opinion of Societe Generale regarding the banks and recognition of losses has proven to be false so far ... Well, the dry economic theory is deemed to be "Debt Deflation" by Irving Fisher?
There is still a discussion going on - what is coming next? Inflation vs Deflation? But it is better to be prepared ...
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