The giant sucking sound of US private sector credit contraction
My quote comes not from the article (which certainly is very quotable), but rather from the comments. Here's what commenter John Ryskamp has to say.
I trust no one is stupid enough to believe that the "stimulus" and "bailout" nonsense is evidence of government "engaging" with the society. It is simply corporatist looting--backing up the powerful in the society in any way they can be backed up.
The society? It will continue to sink. It is sick--no government wants to be a part of that.
Question #2 for 2026: How much will job growth slow in 2026? Or will the
economy lose jobs?
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Earlier I posted some questions on my blog for next year: Ten Economic
Questions for 2026. Some of these questions concern real estate (inventory,
house pr...
4 hours ago
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