Balance Sheet Recession, the pickle we are in and how to get out of it...
 

Here is one of the better, easy to understand, explinations of how we got to where we are and how we could get out of it from a respected source.

http://www.csis.org/media/csis/events/081029_japan_koo.pdf

This looks great.

Only thing missing is the guy with the laser pointer to explain the slides.

or Ross Perot.

I've never been able to spend myself into prosperity. However, those holding current political power seem to think that's the way to go. Time will tell...

My ex-wife regularly spent herself out of depression.

He could explain it but not maybe agree with it.

I don't see how we could have avoided a recession of some kind. It's a cycle and has occurred at least 4 times in my adult life. This one happens to be a kicker. Where Perot would have taken us might have put us on more solid ground to deal with it. We'll never know.

I didn't see the giant sucking sound in any of those slides.

It's being drowned out by the sound of personal wealth being flushed down the toilet.

whoever thought there'd be an upside to not having any personal wealth? never been a better time to be poor.

The anaylsis actually make quite a bit of sense. Monetary policy is not going to do much good in the jam we are in. Neither is bailing out lackluster companies.