Tuesday, July 23, 2013
Friday, July 19, 2013
Lewis & Minsky
Lewis Moment : When there are less people in the working generation supporting the old and retired ( pensioned folks).
China just passed the Lewis point.
Minsky Moment : When the private sector's credit card is maxed out and financing from govt is getting too expensive for fears fo default.
EU Passed the Minsky Moment
USA is still on the right side of the Lewis & Minsky Moment
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