Another of the Fed’s unintended consequences is the freezing of the very credit markets they are trying to stimulate.
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Ferrara should have used the recovery from the Depression of 1920-21 as his model, when the relatively free market rebounded mightily, recovering fully within 18 months.
This article has “as much substance as soup made from boiling the shadow of a sparrow that starved to death.”
When inflation is taken into account, the stock market is nowhere near an all-time high.
I consider the $9.95 monthly dues that I pay to subscribe to Gary North’s newsletter one of the great bargains of our time.
This latest economic indicator does nothing but confirm a slowing economy.
These are the brightest people on the planet, aren’t they? Aren’t they?
Stockman has a grasp of economic reality. Anderson has a grasp of Austrian economic theory. Together they have produced a simple yet unnerving view of the near future.
When two smart fellas don’t know, and Bernanke doesn’t know, what will happen?
Paul Farrell has just the man to replace Ben Bernanke as Head of the Fed when his term expires next year. Wait ’til you see who he has in mind.