The standard of living bubble and why it’s about to go pop

Taki's Magazine
by Karen de Coster

10/22/08

Our representatives in Washington, alongside the easy-credit Federal Reserve and its Wise Leader, ‘Helicopter Ben,’ have essentially subsidized a rash of misguided investments and profligate spending-sprees by consumers who’ve bought into the illusion of endless prosperity. Everyone knows about the Housing Bubble. Well, get ready for the even bigger Standard of Living Bubble, whose bursting is now upon us...

http://tinyurl.com/56ym47


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Karen+de+Coster

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