When the emergency cures look inadequate, economists interested in fending off future slumps should reconsider the preventative role the state can play.
Oil and grain futures slumped for a second day on Tuesday after a weak economic outlook pressured energy prices, while a record-fast harvest and better-than-expected crop yields weighed on agricultural markets.
In the melee, the price of natural gas futures slumped from $13.75 to $7.62 per British thermal unit between early July and late August.
Crude futures slumped Monday, as OPEC pondered a possible output increase of a half-million barrels per day, beginning next month, to help meet an anticipated demand surge in the second half of the year.
To ride out future economic slumps, it allowed the foreign creditors to collect customs duties from other Greek ports if the intake at Piraeus, the main port, diminished.
"Japan's beautiful seas and its territory are under threat, and young people are having trouble finding hope in the future amid economic slump," he said then.
"Japan's beautiful seas and its territory are under threat, and young people are having trouble finding hope in the future amid an economic slump," he said.
In May, Future announced a 45% slump in pre-tax profits in the six months to March as its US business struggled and advertising revenue fell by 15%.
America, Australia, Britain, Ireland, the Netherlands and Spain look most at risk.Yet even as house prices start to wobble, many housing experts continue to insist that "this time is different": because interest rates will not rise significantly in the near future, they say, a slump in house prices is unlikely.
Bullish on the advertising industry's future despite the severe slump, he predicts that new media and emerging markets will be key.
