Comments on: niall ferguson interview http://awardtour.net/archives/2009/02/25/niall-ferguson-interview/ Thu, 11 Mar 2010 00:26:22 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Jody http://awardtour.net/archives/2009/02/25/niall-ferguson-interview/comment-page-1/#comment-56782 Jody Mon, 02 Mar 2009 04:18:20 +0000 http://awardtour.net/?p=3161#comment-56782 I've been pondering for quite a while the possibility that real growth didn't occur in the last economic cycle. This article refers to the availability of inflated home equity money making its way into the market. I also think there are numerous other examples, federal spending included of how credit was used by all, and digested as 'growth' I think the US in its debt position, military costs, will be in a situation that makes growth without massive elasticity in credit virtually impossible. I think developing nations, at this moment are the only places where real growth will occur in the next economic cycle. I’ve been pondering for quite a while the possibility that real growth didn’t occur in the last economic cycle. This article refers to the availability of inflated home equity money making its way into the market. I also think there are numerous other examples, federal spending included of how credit was used by all, and digested as ‘growth’

I think the US in its debt position, military costs, will be in a situation that makes growth without massive elasticity in credit virtually impossible.

I think developing nations, at this moment are the only places where real growth will occur in the next economic cycle.

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