This chart takes the cake. It explains the jobless recoveries of the 00's, the lack of the "multiplier effect", sovereign debt crises, currency debasements, etc. It essentially shows the marginal impact to GDP from the infusion of $1 of additional debt. "In the USA by the end of 2009, each $1 of debt subtracted 45 cents from GDP!"
.jpg)
Posts
No comments:
Post a Comment