But Keynesianism involved continued fiscal expansion, with no offsetting monetary contraction.

Forecasters assumed that monetary expansion would provide an effective antidote to fiscal contraction.

Purchasing managers indices are now threatening the 50 threshold, which has long been associated with the break even point between expansion and contraction.

If it pushes too hard on continued monetary expansion, it won t prevent a bust but instead could create stagflation inflation and economic contraction.

Credit expansion must now be followed by a period of contraction, because some of the new credit instruments and practices are unsound and unsustainable.

China s Inscrutable Contraction

The Second Great Contraction

Fiscal contraction is contractionary, period.

The Great Contraction of 2008 2009

The ensuing losses will aggravate the financial turmoil and economic contraction.

This contraction has become even more severe since then.

The components of the stepper are contained in a sealed chamber that is maintained at a precise temperature to prevent distortions in the printed patterns that might be caused by expansion or contraction of the wafer due to temperature variations.

European Expansion or Putin Expansion?

This threatens to aggravate the damaging contraction of global trade.

And emerging markets will suffer once the US contraction and global slowdown undermines commodity prices.

The latest estimates for Italy and Spain project a deeper contraction, prolonged into next year.

(Mission expansion and elections)

Credit expansion must now be followed by a period of contraction, because some of the new credit instruments and practices are unsound and unsustainable. Moreover, the ability of the financial authorities to stimulate the economy is constrained by the unwillingness of the rest of the world to accumulate additional dollar reserves.

After many years of contraction, investment in construction also will rise slightly.

But, in a Great Contraction, problem number one is too much debt.

The period of gravitational contraction lasts about 10 to 15 million years.

Then We draw it in towards Ourselves , a contraction by easy stages .

All of this, according to Reinhart and Rogoff, involves a protracted and pronounced contraction in economic activity.

Following the German economy s sharp contraction in the last quarter of 2012, the question for the country today is whether it can avoid a technical recession (defined as two consecutive quarters of economic contraction).

Mission expansion

Mission expansion

A sharp contraction in jobs and labor income has many negative consequences on both the economy and financial markets.

This logic would be correct if the world were operating under a fixed exchange rate regime, with governments tying official exchange rates to another country s currency or the price of gold. Under these conditions, monetary contraction (or slowing expansion) would have a recessionary (or a less stimulative) impact on other economies.

Increase expansion level

Decrease expansion level

The grand expansion of the Soviet empire enabled humankind s exploration of the cosmos and its potential expansion beyond Earth.

The contraction of property and stock markets will undoubtedly dampen US household borrowing and demand, potentially triggering a downward spiral.

It misjudged the consequences of fiscal consolidation and credit constraints, underestimating the contraction of employment and overestimating exports and privatization receipts.

But what we have seen since 2007 is an overshooting of the contraction in consumer demand and domestic investment.

AND EXPANSION OF UN SECURITY COUNCIL'S MEMBERSHIP

However, we strongly oppose the expansion and planned further expansion of Israeli settlements in the West Bank, including East Jerusalem.

So, what can be done to minimize the fallout of another economic contraction and prevent a deeper depression and financial meltdown?

The maximum rate of economic contraction a veritable freefall came in the last quarter of 2008.

In 2004, for example, Chad s 39.4 annual growth rate contrasted sharply with Zimbabwe s 6.8 economic contraction.

A more accurate, if less reassuring, term for the ongoing crisis is the Second Great Contraction.

In contrast, QE3 will be associated with a fiscal contraction, possibly even a large fiscal cliff.

This contraction of the job market has had a greater impact on youth than on adults.

Expansion of strategic partnerships

So the contraction of external deficits is a sign that a correction is under way, and the rebalancing is impressive.

The first Great Contraction of course, was the Great Depression, as emphasized by Anna Schwarz and the late Milton Friedman.