Read more at OfTwoMinds.comToday's asset bubbles in stocks, junk bonds, housing, art, bat guano futures, etc. are being driven by the Federal Reserve, which has replaced the nuisance of no-document liar loans with unlimited liquidity for bankers, financiers and insiders. The super-wealthy and corporate cronies can borrow as much nearly free money as they want from the Fed, without even bothering with qualifying for the credit.
Monday, June 16, 2014
Malinvestment is Poison says Charles Hugh Smith
Charles Hugh Smith explains "How Malinvestment Poisons the Entire Economy":
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment