[lbo-talk] why save? we'll just borrow from the Chinese!

Leigh Meyers leighcmeyers at gmail.com
Wed Aug 3 10:35:38 PDT 2005


Doug Henwood wrote:


> The difference between now & then is that in the 30s, income fell
> further than consumption, though both were in decline. Now,
> consumption is rising more quickly than income, though both are
> rising.
>
> Doug

Rising like... expectations...? Like a... bubble? (snicker)

Leigh www.leighm.net



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