Why The Pols Need To Listen to Richard Koo

I am currently reading Richard Koo’s “Balance Sheet Recession” which has fascinating and illuminating parallels to the current economic environment. Today I came across a video (via ZeroHedge) of Koo discussing precisely this:

[blip.tv http://blip.tv/play/hI5S%2BZtnAg]

The concept of a “Balance Sheet Recession” is one investors and, more importantly, politicians must currently take into serious consideration.