Prof Steve Keen: Will there be a Double Dip in the USA? Part One
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Uploaded by ProfSteveKeen on May 24, 2011
Professor Keen explains the private debt dynamics that caused both the Great Depression and the Great Recession. The Great Recession will end when private debt is much lower than it is now--even though it's fallen by 30% of GDP since the peak, it's still 100% higher than at the start of the Great Depression. A slowdown in the rate of decline of debt actually caused much of the recent recovery, but Professor Keen expects that this slowdown will pass and a double dip will occur.
http://www.debtdeflation.com/blogs/
- 44 likes, 1 dislikes
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@KenMacMillan why the fuck would he degrade himself to the level of those Neanderthals on Fox Noise?????
dfg93353 2 months ago
You should see if you can get on fox news.
KenMacMillan 3 months ago
@wyrwich Go have watch Micheal C Rupperts "Collapse Movie"
I believe its on Youtube under" The Beginning of the End "
What opened my eyes was the fact that as right as the good Professor Keen is and guys like Perter Schiff
is that they dont cover the Infinite Growth Paradignm, Micheal C. Ruppert does.
I`m a Tradesmen on the Gold Coast and the best move I made was getting out of my house 14 months ago, getting into Precious Metals and preparing myself and the family for when shit & fan meet.
angie7dino 6 months ago
The Australian housing boom has turned and this will put the pinch on extremely high private debt levels cruelling consumption...at the same time public net spending is falling precisely when it needs to go up to balance the saving/de-leveraging desires/needs of the private sector. Youth unemployment at Egyptian levels of 25% and labour underutilisation is running at 15%! Professor Mitchell's Billy Blog is a great place to go for exhaustive commentary on Australia's car crash economy
WillOrng 9 months ago
Dr Keen, what does this mean for the Australian economy?
wyrwich 9 months ago
Thanks for posting Dr Keen. A voice of reason in a sea of scrambled media drivel.
gbvb79 9 months ago
The Green shoots are the grass growing up through the cracks in empty car parks of Americas empty factories
EconomicCrisisReview 9 months ago
Good job on the WEA Prof Keen.
dionhenderson 9 months ago