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OpenCalais Metadata: Latitude: 
38.89
OpenCalais Metadata: Longitude: 
-77.03

The Humungous Depression

The Humungous Depression

Submitted by StraightLineLogic.com's Robert Gore via The Burning Platform blog,

Economic depressions unfold slowly, which obscures their analysis, although they are simple to understand. Governments and central banks turn recessions into depressions, which are preceded by unsustainable expansions of debt untethered from the real economy. The reduction and resolution of excess debt takes time, and governments and central banks usually act counterproductively, retarding necessary adjustments and lengthening the adjustment, and consequently, the depression.

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