Linked by Thom Holwerda on Fri 14th Nov 2008 21:38 UTC, submitted by pantheraleo
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Member since:
2006-08-09
Industrial production has to somehow correspond to demand. On the other hand, financial bubbles, i.e., price/debt inflation, i.e., bank revenues, can grow virtually without limits, extracting value from the productive economy - until the bubble bursts. If your business then depends largely on having banks as customers, you're dead.
Although I would agree that the American domestic market is unique since the US doesn't have to finance its own trade deficit/budget deficit.