"Optimism raises equities and rising equities create wealth, thereby induces consumer confidence, so rising confidence increases consumer spending, when increased spending spurs more productions and thereby creates more employments, and vice versa."
Sunday, October 18, 2009
Worst Case Debt Scenario
Source: Worst case debt scenario Protecting yourself against economic collapse: Hope for the best, be prepared for the worst Daniel Fermon SG Cross Asset Research, Société Générale, 13 October 2009
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