There must be some dark corner of Hell warming up for modern, mainstream economists. They helped bring on the worst bubble ever…with their theories of efficient markets and modern portfolio management.
January 11th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "consumer debt"
It Would Take About 19 Years to Erase Debt From Bubble Period
Now, along comes the Comstock crowd with roughly the same guess – two decades. They figure that the savings rate will go up to 10% and that the effect of taking that money out of the consumer economy will be to put the United States into a long, soft slump…
August 12th, 2009 | Bill Bonner | 0 comments | Continued
