After a half a century of stimulus – with credit, inflation and the money supply growing faster and faster – the Fed put the pedal to the metal following the nano-recession of 2001. It dropped interest rates to just 1% – well below the rate of consumer price inflation…
July 24th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Schwarzenegger"
Crash, Depression, Hyperinflation – the Triple Crown of Financial Catastrophes
It is remarkable enough that we have been able to witness a genuine market crash. The crash of ‘87 barely counts. It sent prices down as much as a third all around the world. But it was a very short-lived affair. Bread put in the oven at the beginning of it was still doughy when it was over. Then, it kept rising for the next 20 years.
June 11th, 2009 | Bill Bonner | 0 comments | Continued