Bank loans, CEO confidence, India

by WARREN MOSLER

Tariffs have caused a global economy (that has a pro cyclical bias) to turn south.

It’s always an unspent income story. When decisions to not spend income (decisions to ‘save’) are not sufficiently ‘offset’ by agents spending more than their incomes GDP (sales/income) decelerates until said deficit spending- private or public- expands to fill the gap.

 

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