Tuesday, October 4, 2016

Surplus horrors

" in the eurozone, for example, aggregate demand in many member countries has been constrained by, among other things, Germany’s large current-account surplus, which amounted to 8.5% of GDP in 2015. With higher aggregate demand and more efficient use of existing human capital and other resources, economies could achieve a significant boost in medium-term growth, even without productivity gains."

Germany china japan a few others plus several oil well states 
need to go on shopping tours 

Not gonna happen 

You can always locate plenty of funds rising out of the real production economy
That " created them "
Up into  the asset cloud  
To idle away 

The point is to replace this outflow with a state generated inflow 

That only requires saying
Fuck to holders of sovereign debt 

" let em bleed purchasing power like a punctured squid "