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Keyword: zombiefinance

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  • Post-Apocalyptic zombie finance (the US appears to be repeating Japan's "lost decade")

    03/22/2010 1:14:01 PM PDT · by SeekAndFind · 9 replies · 393+ views
    Asia Times ^ | March 2010 | Spengler
    By 2014, International Monetary Fund official John Lipsky remarked March 21, the debt-to-gross domestic product (GDP) ratio of the Group of Seven countries will reach 100%, and the governments of the industrial world will carry the highest debt burden since shortly after the end of World War II. That is bad news; worse news is that governments are shoveling money into the world banking system to finance the debt expansion. Following the great bank bailout of 2008, the global banking system is socialized de facto, shifting its resources towards government debt and away from private sector financing. Governments averted a...