…clamping down via administrative tightening measures – and that a broader “asset bubble” is not present. China was deleveraging going into the crisis, so its starting point was on a…

…wage growth; and imminent deleveraging is on the horizon(more likely the default route). And Congress is happy that they are squeezing private sector liquidity? I guess so, as reported by…

…(income), de-leveraging can occur through either variable. As such, I see three (general) de-leveraging scenarios (See an earlier McKinsey study on the consumer for a broader discussion): 1. If there…

…deleveraging story. Japan is not “insolvent”, at least that is what the external debt metrics say. But the only real policy flexibility is held by the central bank. And the…

…goes there anymore, its too crowded” Berra ? Direct quote of the US Treasury “a wide-scale deleveraging in these markets and led to fire sales. As prices declined, many traditional…

…a panic, or forced deleveraging (due to mark to market rules) or adverse selection. I don’t believe any of this. However, I note that, if this is the problem, there…

…(source) So now look at the red dot labeled “Currently projected”. This is where I project the next red dot. Real GDP will meet its natural level at an unemployment…

…1995 through 2008 then lower than predicted investment since the trough in 2009. This very much fits the story of two speculative bubbles (.com stuff then houses) followed by deleveraging….

…a liquidity trap can be of arbitrary duration and last as long as the particular dynamics that give rise to it (such as a deleveraging shock and/or rise in inequality…

…of her presentation. That is the shock of a falling labor share which was not normal after a recession and which explains stubbornly high unemployment through weak demand. Yes, deleveraging…