Economic and Financial Thoughts and Comments
I agree..more the risk is on the downside. Be ready.
From Money & Markets...
The easy monetary policy from 2001 to 2005 induced the biggest real estate bubble of all time to develop. As forecast by Mises and Rothbard’s theory of the business cycle, it was the bursting of the housing bubble that has done all the economic and financial damage you’ve witnessed during the past 18 months.
The Bigger the Burst Bubble … The More Devastating the Recession to Follow
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