| 1 | Increased costs are systemic and not due to speculators or bad weather. | |
| 2 | Demand stimulus is of no use, since there is no systematic shortage of demand. | |
| 3 | We know retiring baby boomers will cause a shortage of employees throughout the system. | |
| 4 | Without a resolution of this global debt burden, systemic risk will fester and grow. | |
| 5 | To this end they should now conduct stress tests of systemic institutions and publish the results. |