may be the, proper, *Real World Reverse of the Coin with “Financialization” on its Obverse..

FWIW, there’s more than one Video compilation, available on YooToob, that accompanies this Song..

and, please note, it’s always, and correctly, termed: “Financialization”, never: “Economic-ization”

the difference is Cardinal.
http://www.thefreedictionary.com/cardinal

as an aside, it made Icerocket’s front page, under ‘Video Buzz’
http://www.icerocket.com/

Carefully chosen and closely watched double-short ETFs. That is, until the market hits bottom. Which may be a contradiction in terms. But this is one of those paradoxes we’ll have to live with.

Two that worked for me (but I wouldn’t recommend at the moment) are DTO and EEV.

http://www.debtdeflation.com/blogs/

Hmm debt-deflation. That reminds of someone else I’m reading at the moment. And someone else whose ideas are in the process of being reconsidered: Irving Fisher. He made some big gaffes at the outset of the Great Depression (and some people write him off on that basis alone), but otherwise his bona fides are impeccable. As best I understand he was the US’s first true mathematical economist (no – it’s not a contradiction in terms). Lived through the Great Depression (had a ringside seat) – and after his first egregious reactions – thought deeply about what had occurred and came to his own very interesting (and non-standard) interpretation. Or maybe others here consider Fisher to be very much in the mainstream. No idea.

http://www.nakedcapitalism.com/2009/02/steve-keen-roving-cavaliers-of-credit.html

Basically credit creation is _not_ driven by the Fed or M0 (that is a zero – I wonder how it will come out on other people’s screens – looks like a lower-case ‘o’ on mine) or whatever – but rather by the banks. This reverses the causality and one implication is that Bernanke’s doubling of the (base) money supply in the last 2 (?) years (or less) will _not_ get the banks to lend again.

Now that is the case (it is true that the banks aren’t lending) and there are various theories I’ve heard in that regard (they’re scared; their reserves are low-to-nonexistent; and they want to sit on the money for safety), but this approaches the matter from a very different direction. Sort of the opposite direction.

‘Roving Cavaliers of Credit’ is apparently attributed to Karl Marx. (who seems to be having something of an intellectual comeback these days).

Why didn’t you say so…here is the funniest, simplest explanation around:

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&ncl=true

It also well illustrates the folly of trying to artificially support home prices at artificially high values.