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Economy Quotes

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Economy Quotes

“Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.”

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

“Our early 21st century civilization is in trouble. We need not go beyond the world food economy to see this. Over the last few decades we have created a food production bubble-one based on environmental trends that cannot be sustained, including overpumping aquifers, overplowing land, and overloading the atmosphere with carbon dioxide.”