Thursday, October 08, 2009

Krugman Still Chasing The Shadows

Well, I do not know who is chasing what?
But the chart from BNP Paribas shows quite clearly what is the problem of credit markets! Click on chart to enlarge, courtesy of BNP Paribas.

Reduce debt and/or increase income. Asset reflation is not the same, for most, as income ...

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