Who begat Hungary? North American markets tanked on Friday on a double barrel of strange and disappointing news. First was a comment from a spokesman for the Hungarian president that the country faced a “grave” economic situation. Debt begat that.
But the 3.15% fall in the Dow Jones Industrials and the 3.44% fall in the S&P 500 were generally blamed on a disappointing U.S. jobs report.
All Posts Tagged With: "John Law"
Getting Begotten
The Descent of Money
The first modern competition between gold and paper money ended like the pre-modern ones. Gold won. Herewith, a short summary:
February 1st, 2010 | Bill Bonner | 8 comments | Continued
