Monday , December 23 2024
Home / Michael Hudson / ZIRP’s only Exit path is a Crash

ZIRP’s only Exit path is a Crash

Summary:
[unable to retrieve full-text content]The United States’ Financial Quandary: ZIRP’s only Exit path is a Crash Abstract Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled debt service. Continue Reading The post ZIRP’s only Exit path is a Crash first appeared on Michael Hudson.

Topics:
Michael Hudson considers the following as important:

This could be interesting, too:

Michael Hudson writes Contesting the Corontation of the Rentier

Michael Hudson writes A Concept of a Plan … for the National Interest

Michael Hudson writes The Revolt of the Working Class: What Trump’s 2024 Win Reveals About American Discontent

Michael Hudson writes The End of Financial Colonialism

[unable to retrieve full-text content]

The United States’ Financial Quandary: ZIRP’s only Exit path is a Crash Abstract Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled debt service. Continue Reading

The post ZIRP’s only Exit path is a Crash first appeared on Michael Hudson.

Leave a Reply

Your email address will not be published. Required fields are marked *