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The current crisis has one key cause: a prolonged contraction of demand.
Sales figures published the week before the show confirmed what everyone already knew: the second half of 2008 saw the most savage contraction of demand since the modern industry was formed after the second world war.No company or country has been immune from the collapse.
Even though some temporary contraction of demand for consumers' goods of the luxury type may be inevitable, it is argued that cheaper money should lead to increased expenditure on capital goods by industrial corporations, and that official encouragement, backed by the steady propaganda of the "sunshine artist," should quickly produce a renewal of the upward trend of industry as a whole.
In particular, companies employing higher shares of white-collar, high-skilled, and permanent workers were less likely to experience a strong contraction of demand and credit.
Gradually, the consumption of cocaine and heroin will decline, and the contraction of demand will put even greater pressure on the profitability of the trafficking cartels.
Second, when confronted with the events of 1937/38, today's right-wing has a million explanations other than the simple (yes, Keynesian) truth that FDR cut spending to balance the budget too early, or, as Will put it, "prematurely declared victory", resulting in a contraction of demand and income.
Similar(51)
However, policymakers have limited leeway to help, because the core of the problem is a contraction of external demand.
In theory, the purchasing power of urban wages increased, but this expansionary effect was stifled by the drastic contraction of agricultural demand for urban commodities (Gatti et al. 2012).
This evidence points at the importance of the deep and prolonged contraction of aggregate demand in these countries as one of the main drivers of the rise in LTU.
The decision comes after what the company is calling an unprecedented contraction of the global demand for iron ore and pellets. The stoppage follows the shutdown of two other Vale pellet plants at the port of Tubarão since Nov. 5.
That would result in a contraction in demand of 0.2percentt over the five-year period, reaching 85 million barrels a day by 2014, it said.
More suggestions(16)
slowdown of demand
twitch of demand
contraction of labour
contraction of breathing
contraction of trade
contraction of justice
contraction of skeletal
contraction of bank
contraction of activity
contraction of lulz
contraction of weblog
contraction of mass
contraction of time
decrease of demand
contraction of liquidity
collapse of demand
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