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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 695.59+0.4%Jan 27 4:00 PM EST
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To: ggersh who wrote (6481)6/30/2010 10:06:37 PM
From: Real Man  Read Replies (1) of 222483
 
Yes, and pretty much everywhere around the globe. It's a crisis
of Keynesian system, which was introduced in place of the
gold standard in order to cut recession time during
business cycle in half or more. The approach succeeded for a
while with occasional country screw-ups (currency crises).

During gold standard era US was in a recession 40% of the
time.

I think they will find something, eventually, although it will
be just like order emerging from chaos, chaos of an
economic crisis. That order may not necessarily be
good, depends on political forces that will win the
battle. In fact, history tells us it might be quite bad. -ng-
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