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Notes to myself, possibly of interest to others.
-- Bill Northlich

Sunday, September 11, 2011

Why is Demand Down in the Economy?

...the main factors keeping demand depressed are the sharp falloff in construction due to the overbuilding from the bubbles in residential and non-residential construction and the large trade deficit. The trade deficit was offset in the bubble years by bubble-driven consumption and construction...
---Dean Baker

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