I'm not sure if anyone here will be into this lecture, but I found it really interesting. The speakers argue that the real crisis on the national and global level is private debt and over capacity, not government debt. The examine private debt to GDP ratios all over the globe and trends over the last several decades. Total lecture and QA is about 1.5 hours.
https://www.youtube.com/watch?v=BvRcQ5Tm6Kw
Not listened yet, but will save it on audio for my next car trip.
Its a good point made though imho. In the UK, private debt is tied to housing of course.
I am looking forward to seeing if he has any insight into the Japanese approach thosugh. They I believe have low personal debt and a slow economy.
I did listen to the entire thing.
After 30 min the MF with the mustache started to put me to sleep.
SOME things that I got out of it were:
They spent a lot of time discussing China's #s and imo China #s are bogus
They talk about the possible need for "Massive Public Investment" like THAT is going to happen soon
They did talk about STAGFLATION but didn't spend any time on that subject
The subject of "the government subsidizing loan expansion" is not something I want to discuss here
I found the comment that "Investment in Social Media" does nothing to move our economy forward to be RIGHT ON
I would have liked to hear what Arthur Laffer would have said to these guys 8)