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Easy Money: The Greatest Ponzi Scheme Ever and How It Is Set to Destroy the Global Financial System by
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E.T.
is 45% done
John Kenneth Galbraith had once famously said, ‘In America, the only respectable type of socialism is socialism for the rich.’
And, as always, he proved right in the end (by the govt bailouts of banks and automobile sector in 2008).
— Jan 06, 2021 07:47AM
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And, as always, he proved right in the end (by the govt bailouts of banks and automobile sector in 2008).
E.T.
is 30% done
But somewhere during the early 1990s things changed.
In the recovery that followed the recession of 1991, jobs recovered within twenty-three months.
In 2001, jobs recovered within thirty-eight months.
Hence, job regains in the recoveries were slow, despite the fact that the economic growth recovered very quickly. In 1991, the GDP recovered its losses within three quarters, whereas it took just one quarter in 2001.
— Jan 02, 2021 07:41PM
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In the recovery that followed the recession of 1991, jobs recovered within twenty-three months.
In 2001, jobs recovered within thirty-eight months.
Hence, job regains in the recoveries were slow, despite the fact that the economic growth recovered very quickly. In 1991, the GDP recovered its losses within three quarters, whereas it took just one quarter in 2001.
