Comments on: The markets demand their pound of flesh http://www.debtonation.org/2010/03/the-markets-demand-their-pound-of-flesh/ Wed, 08 Feb 2012 08:39:46 +0000 hourly 1 By: Robert Searle http://www.debtonation.org/2010/03/the-markets-demand-their-pound-of-flesh/comment-page-1/#comment-1719 Robert Searle Mon, 15 Mar 2010 11:52:18 +0000 http://debtonation.org/?p=3792#comment-1719 What is required at the end of the day is the full development of a new paradigm. Such an evolving project exists. It is called TRANSFINANCIAL ECONOMICS... What is required at the end of the day is the full development of a new paradigm.

Such an evolving project exists. It is called TRANSFINANCIAL ECONOMICS…

]]> By: David Williams http://www.debtonation.org/2010/03/the-markets-demand-their-pound-of-flesh/comment-page-1/#comment-1712 David Williams Mon, 08 Mar 2010 12:53:49 +0000 http://debtonation.org/?p=3792#comment-1712 Post in haste - repent at leisure. I do understand how assets owned by banks (and liabilities) can be greater than 100% of GDP. And, in fact the two figures (UK Bank Assets and UK Gross Domestic Product) are not linked. Sorry. Post in haste – repent at leisure. I do understand how assets owned by banks (and liabilities) can be greater than 100% of GDP. And, in

fact the two figures (UK Bank Assets and UK Gross Domestic Product) are not linked. Sorry.

]]> By: David Williams http://www.debtonation.org/2010/03/the-markets-demand-their-pound-of-flesh/comment-page-1/#comment-1711 David Williams Mon, 08 Mar 2010 12:24:17 +0000 http://debtonation.org/?p=3792#comment-1711 Ann. I know that it is not key to the article (with which I totally agree) but in it, Butler writes, "failures of UK regulation that permitted the financial system’s balance sheet to pass 400 per cent of GDP.” And you respond, "Nothing controversial in the latter point." I don't understand what it means to say that the "financial system's balance sheet" passes 400% of GDP? I thought that the financial system forms part of GDP and therefore can't be more than 100%. Clearly, I'm wrong. Can you help me understand? Thanks Ann.

I know that it is not key to the article (with which I totally agree) but in it, Butler writes, “failures of UK regulation

that permitted the financial system’s balance sheet to pass 400 per cent of GDP.” And you respond, “Nothing controversial in the latter point.”

I don’t understand what it means to say that the “financial system’s balance sheet” passes 400% of GDP? I thought that the financial system

forms part of GDP and therefore can’t be more than 100%. Clearly, I’m wrong. Can you help me understand?

Thanks

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