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Both public sector surpluses and current account deficits (CADs) draw demand out of the private sector; the only way it can grow is through deficits, via increased indebtedness and reduced savings (the sectorial accounting approach).
Sprint executives, for example, plan to decide midyear which technology they'll support in 2009, but they will be wary of building services that won't draw demand.
Similar(58)
In one small positive sign, Italy on Monday auctioned 7 billion euros of one-year debt securities, drawing demand for 1.92 times as many securities were on offer.
The recovery in Treasuries was limited by the more than $19 billion of corporate and agency bond sales this week, which drew demand away from government securities.
While the German market fell by roughly a quarter during that time, much of that decline resulted from the end of government "cash for clunker" programs, which simply drew demand forward, he said.
General Mundy's comments drew demands for an apology and a retraction from several leaders of black organizations.
Bernard Madoff pleaded guilty today to charges he orchestrated the biggest financial swindle in Wall Street history, cheating investors out of billions of dollars in a fraud that shocked the public and drew demands for stricter regulations.
Bratton leaves following a tumultuous two years in police-community relations, in New York and across the country, as police killings of unarmed black men and other allegedly discriminatory law enforcement practices have drawn demands for change.
Drawing demands presence.
Retiring to a back room, Hitler, with handgun drawn, demanded and got the support of Kahr, Seisser, and Lossow.
The Panthers were initially a kind of neighborhood watch for Bay Area blacks; when they saw a white cop stop a black motorist, they would approach with guns drawn, demanding that the cop respect the black man's civil rights.
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