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Tag Archives: Recovery
Perpetual Depression
Once the supply of money more or less stabilizes (once malinvestment has been liquidated), and prices adjust, a true recovery can take place. Continue reading
The Depression is Not Over
On Friday, 17 July, MSNBC reported that the “recession is slowing” in twenty-three major urban centers throughout the United States. They equate a slowing recession with a “bottoming out” economy. These trends show that early signs of recovery, or more accurately “bottoming out” (recovery begins only after the markets have cleared), can be deceiving. The United States’ economy is still clearing, and it has a long ways to go. Continue reading