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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (50570)1/21/2006 10:05:20 AM
From: Tommaso  Read Replies (1) | Respond to of 110194
 
>>>Trying to avert a 1930's depression the past four years by doing the exact opposite this time. Last time out attempted to balance the budget, raised taxes, cut defense and protectionism were in fashion<<<

Best two-sentence explanation of what the Fed has been doing and the causes of the Great Depression that I have ever read; use a semicolon, and you can make it in one sentence. <G>

If what they have done does NOT debase the dollar by at least 40%, I will be astonished.