Heavy Lifting - thoughts and web finds by an economist
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Monday, June 08, 2009
As consumer credit spending falls, the disposable income dedicated to purchasing goods and services *created today* must fall, ceteris paribus. As spending on today's goods and services falls, this will signal to producers to, guess what, produce less (at least at current prices). This, in turn, might lead to a technical "depression" although not the bread-line type of depression we experienced in the 1930s.
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