In this earlier blog post on “the most important graph of the year”, I invited readers to comment on the financial imbalances in the US, and to send in alternative graphs of their own. Thank you for a very lively response, some of which is featured below. I have also received many graphs which I will use in future posts. Several people have argued that a deeper analysis of the private sector financial balance in the US can explain both the causation of the recession and the recovery, so I will start with that. Read more
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