This Is The Critical Chart For 2013

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics International Video Latest Friday, April 13, 2012 This Is The Critical Chart For 2013 If there are no changes to current law, 2013 promises to bring a big wave of fiscal tightening. This is due to the fact that spending cuts are kicking in at the same time that the Bush tax cuts are due to expire. According to a chart from Nomura, it's theoretically possible that fiscal contraction could knock 5% off of GDP. But at least then we'll be cutting the debt, right? Not so! A chart in Richard Koo's latest monster presentation shows what happened in Japan when they tried fiscal consolidation during their long balance sheet recession. Both times the economy got dramatically worse, and the deficit EXPANDED. Not only did things get bad, but the theoretical benefit didn't happen either. Figuring out a way to defuse the 2013 fiscal bomb is critical. Read » Click here to see Koo's whole presentation > Also On Money Game Today: How Long Will Apple Shareholders Have To Endure This Humiliating Embarrassment? There's One Crucial Figure That Shows Exactly How Impossible The Greek Situation Has Become The President Of Iceland Tells Us How He Had The Balls To Stand Up To Britain 23 Stock Markets That Put The US To Shame Advertisement CHART OF THE DAY: Some Bad Economic News That Everyone Is Mistaking For Good CHART OF THE DAY: Apple Is About To Be Worth More Than All The Companies In Spain, Portugal And Greece COMBINED CHART OF THE DAY: The Deja Vu Chart We've Been Worried About All year Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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