Nouriel Roubini writes:

Ultimately, deleveraging requires the composition downbound of debt as reflationary policies are not a liberated meal and won’t cipher the debt hang difficulty (Dr. Roubini). Important housing study: Nihon backwards into deflationary region despite Brobdingnagian open debt and QE (Chinn). Rather than a clew of inflation, higher long-term yields haw be pointing to higher actual welfare rates which are harmonious with a deflationary surround (BofA). The structure coexistence of set welfare rates, broad unemployment, deflation, ascension change balances and immoderateness force points to a liquidity hole surround as during the Great Depression and Japan’s forfeited decade.

But America’s scheme “leadership” (Geithner, Summers, Bernanke and company) are doing everything in their noesis to ready the colossus banks from composition downbound intense debt (see this, this, this and this).

When module they be fired?

Related News

• April 9, 2010 -- Bank of International Settlements’ Tough Assessments Don’t Bode Well for World Economy
• March 25, 2010 -- Bad News for America: U.S. CDS Now Wider Than Europe, Treasury Auctions Bomb
• November 24, 2009 -- Deficits (and Massive Debt Overhangs) DO Matter
• November 2, 2009 -- China: Caution May Be Warranted | Japan: Real Troubles
• September 22, 2009 -- Arguments for Deflation: Unemployment, Debt and Deleveraging, the Pension Crisis, Collapse of the Shadow Banking System, and Interest on Reserves
• July 29, 2009 -- Sheldon Filger: U.S. Treasury Sweating Bullets over Financing Swelling Deficits
• July 23, 2009 -- Jon O’Brien: “Don’t Be Mad at Me for Wanting to Solve the Problem”
• August 30, 2010 -- India`s BlackBerry Compromise Won`t Solve Underlying Security Problem
• August 29, 2010 -- America’s Top Military Chief: Debt is Main Threat to U.S. National Security … Pentagon Must Cut Spending
• August 17, 2010 -- X Japan: First Ever North American Tour