by Summary:
Starting to look seriously ominous: When delinquencies start going up, banks tend to start tightening up lending standards a bit to keep them in check, which tends to slow down lending, which causes the economy to soften, resulting in a downward spiral that doesn’t end until public sector deficit spending increases sufficiently: Released Feb 23 For what it’s worth:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Starting to look seriously ominous: When delinquencies start going up, banks tend to start tightening up lending standards a bit to keep them in check, which tends to slow down lending, which causes the economy to soften, resulting in a downward spiral that doesn’t end until public sector deficit spending increases sufficiently: Released Feb 23 For what it’s worth:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes Dispensing with the US-centric financial system
John Quiggin writes How to dispense with Trump’s US
John Quiggin writes Trump has thrown out the global economic playbook. It’s time for Australia to write its own rules
tom writes Germany’s election & why it is important to understand the Ukraine War
Starting to look seriously ominous:
When delinquencies start going up, banks tend to start tightening up lending standards a bit to keep them in check, which tends to slow down lending, which causes the economy to soften, resulting in a downward spiral that doesn’t end until public sector deficit spending increases sufficiently:
Released Feb 23
For what it’s worth:
