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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: DOUG H who wrote (3079)	3/29/2004 7:55:12 PM
From: mishedlo	Read Replies (2) of 116555

How healthy are our banks? mises.org Greenspan says the banks are in great shape. Frank Shostak, however, has taken note of some signs of deterioration. The Fed's low interest rate policy can generate the illusion of success, to be sure. But when it is reversed—-as it inevitably must be—-the illusion is shattered to reveal the painful facts of reality. Contrary to Greenspan, the expansion of the banking system and its apparent strength is built on shaky foundations

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