Anybody familiar with this guy? [ame="http://www.youtube.com/watch?v=HaNxAzLKegU&feature=relmfu"]Richard Koo - A "Balance Sheet Recession" - YouTube[/ame] [ame="http://www.youtube.com/watch?v=13myud00MSY&feature=related"]China: Played the Global Collapse Perfectly - YouTube[/ame] Seems to have a handle on the macroconomic problems we and the rest of the world are facing. One of the thing I found interesting about his POV is that he believes that MILITARY SPENDING, especially on military equipment, would be an excellent economic STIMULUS. Why specifically military hardware? Because it puts money into the hands of consumers, but the products that are produced by the milutary industrial workers does no include consumer goods. Therefore those workers with jobs increase demand without increasing supply. Hence other industries will respond to the demand for consumer goods, thus bringing the balance between supply and demand into a happier state.