tag:blogger.com,1999:blog-5235419263414453422.post8031732255338728062..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: US vs Eurozone GrowthStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5235419263414453422.post-45711789907782322762011-09-11T17:03:17.664-07:002011-09-11T17:03:17.664-07:00US subprime households and lenders was where the g...<i>US subprime households and lenders was where the global economic fabric of unrealistic expectations ripped first</i><br /><br />I gather this reflects an assumption that Peak Oil is reducing our growth possibilities.<br /><br />I suspect that's true to some extent, but I think a better phrasing would be something closer to:<br /><br />"US subprime households and lenders was where the global economic fabric of investment misallocation ripped first".<br /><br />US housing was overbuilt. That investment could have gone elsewhere and been much more productive.Nick Ghttps://www.blogger.com/profile/12721405349726668110noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-75616397940172296992011-09-08T08:14:56.351-07:002011-09-08T08:14:56.351-07:00How does this graph look if you net out all govern...How does this graph look if you net out all government debt?RobMhttps://www.blogger.com/profile/00264138186584547148noreply@blogger.com