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April 06, 2010

Racist teabagging Reich schulen über Geschäft Geschäft Rezension [1]: The "recovery" is phony.

Fear not comrades, "re-education teams" have already been dispatched to deal with this vile nest of counter-revolutionary traitors and racists.

Japan provides a glimpse of what may lie ahead for the U.S. Although Japan once enjoyed famously high savings, the rate fell as asset prices climbed during the country’s great stock and real estate booms. After the collapse in 1990, the savings rate rose for about a year before resuming its downward trend. Japan entered the Lost Decade and has since drifted in and out of recession.

Where does all this leave corporate America? With a lot of domestic consumers who can’t afford as much stuff as before. They’ll be maxed out on loans, they won’t be able to borrow as much against their homes as they once did, and many of the high costs that precipitated the financial crisis, such as energy-related expenses, will continue to eat away at their funds.

Hopes for a real recovery will fade. Increased lending will lead to decreased savings, and the cycle will start again. If the savings rate fails to stay high enough long enough for consumers to pay off debts and save up real spending money, notes Gregory Brown, the economy will “end up treading water for years.

The scary charts and supposed reasoning these treasonous Harvard scum reference are of course all lies cut from whole cloth, reeking of a fetid putrescence even a decaying whale can't match. Have faith. Maintain your resolve. The new age of prosperity is almost upon us!

[1] Harvard School of Business, Business Review

H/T TH


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posted by Purp at 12:15 PM

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