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  • What Is Happening to the UK

    From modeledbehavior.com

    Read Full Story at modeledbehavior.com

    Richard Williamson wants an answer Back in November, Karl Smith made the clearest statement I have ever read of the New Keynesian explanation of a recession: I can’t hammer this home enough. A recession is not when something bad happens. A recession is not when people are poor. A recession is when markets fail to clear. We have workers without factories and factories without workers. We have cars without drivers and drivers without cars. We have homes without families and families without their own home. Prices clear markets. If there is a recession, something is wrong with ... (full story)

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    • Apr 28, 2012 3:50pm
    • #1
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    • spekitox

      spekitox's Avatar

        1,983 posts

    • This is a rather short but thought provoking article. How much further the real wages have to fall. Exactly. No offense but the UK economy is running on too high numbers. I see the same work attitude in London as in Russia, Germany, you name it. So if people are not adding (much) more value, why are they making (much) more money, for (much) the same work?
      This is not a real question, we all see people's disposable income shrinking ... the reason is the imbalance between incomes in different countries.
    • Apr 28, 2012 9:10pm
    • #2
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    • Guest

      IP XX.XXX.34.145

    • They're broke from two wars,plain and simple.
    • Guest

      IP XX.XX.76.170

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  • Story Stats
  • Posted: Apr 28, 2012 12:00pm

    Submitted by: FF News

    Category: Fundamental Analysis

  • 1,328 Views

  • 2 Comments

    spekitox, Guest

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