I should immediately reassure my readers that I am not going to re-account or even continue Macro Man’s story of 2007 in which Sherlock Holmes was looking for a vanishing bid in risky assets. Also, I am not sure that we are actually looking at a bid which will vanish but one which will perhaps [...]
:: Sunday, March 21, 2010
If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up – in the last 12 short months – $1.011 trillion in [...]
The present economic crisis has it’s roots in the modern fractional reserve banking system, as do most economic crises experienced in advanced societies.
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