{"id":6150,"date":"2012-11-13T14:55:53","date_gmt":"2012-11-13T19:55:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6150"},"modified":"2012-11-13T14:55:53","modified_gmt":"2012-11-13T19:55:53","slug":"jan-hatzius-connects-all-the-dots-business-insider","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/jan-hatzius-connects-all-the-dots-business-insider\/","title":{"rendered":"Jan Hatzius Connects All the Dots &#124; Business Insider"},"content":{"rendered":"<p>Important insight from Jan Hatzius at Goldman Sachs, reported by Cullen Roche:<\/p>\n<blockquote style=\"background-color:#ccccff;\"><p>The US private sector continues to run a large financial surplus of 5.5% of GDP, more than 3 percentage points above the historical average. This is the flip side of the deleveraging of private sector balance sheet. We expect a normalization in this surplus over the next few years to provide a boost to real GDP growth. This is the key reason why we see US economic growth picking up gradually in the course of 2013 and into 2014, despite the near-term downside risks from the increase in fiscal restraint&#8230;&#8230;..<\/p><\/blockquote>\n<p>via <a href='http:\/\/www.businessinsider.com\/jan-hatzius-connects-all-the-dots-2012-11'>Jan Hatzius Connects All the Dots &#8211; Business Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Important insight from Jan Hatzius at Goldman Sachs, reported by Cullen Roche: The US private sector continues to run a large financial surplus of 5.5% of GDP, more than 3 percentage points above the historical average. This is the flip side of the deleveraging of private sector balance sheet. We expect a normalization in this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/jan-hatzius-connects-all-the-dots-business-insider\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Jan Hatzius Connects All the Dots &#124; Business Insider&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[993,1410,3551],"class_list":["post-6150","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-deleveraging","tag-fiscal-deficit","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jan Hatzius Connects All the Dots &#124; Business Insider - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jan Hatzius Connects All the Dots &#124; Business Insider - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Important insight from Jan Hatzius at Goldman Sachs, reported by Cullen Roche: The US private sector continues to run a large financial surplus of 5.5% of GDP, more than 3 percentage points above the historical average. This is the flip side of the deleveraging of private sector balance sheet. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. 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Progress has been hard in part because the measures called for\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5014,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/31\/no-end-to-long-term-unemployment-business-insider\/","url_meta":{"origin":6150,"position":1},"title":"No End To Long-Term Unemployment &#8211; Business Insider","author":"Colin Twiggs","date":"July 31, 2012","format":false,"excerpt":"J BRADFORD DE LONG, professor of economics at University of California at Berkeley, argues for expansionary monetary and fiscal policy. At its nadir in the winter of 1933, the Great Depression was a form of collective insanity. 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At 250 per cent of GDP, that debt burden is equivalent to almost US$120,000 for every American (Chart 1). .....backsliding on financial reform is not a solution to current problems.\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27803,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/09\/09\/low-interest-rates-and-the-debt-trap\/","url_meta":{"origin":6150,"position":3},"title":"Low interest rates and the debt trap","author":"Colin Twiggs","date":"September 9, 2021","format":false,"excerpt":"Since 1980, debt levels have more than doubled, from 1.4 times GDP to more than 2.8 in Q1 this year. 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The annual rate-of-change has now recovered to positive territory, relieving downward pressure on asset prices, including stocks and real estate. Deleveraging has come to an end and is only\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11531,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/09\/sectoral-imbalances-the-purple-jobs-eater\/","url_meta":{"origin":6150,"position":5},"title":"Sectoral imbalances: Where have all the jobs gone?","author":"ColinTwiggs","date":"February 9, 2015","format":false,"excerpt":"Great post on Twitter from Naufal Sanaullah depicting US sectoral balances using UK economist Wynne Godley's analytical framework. The key to understanding Godley's analysis is that the sum of the four sectors is always zero. 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