To ways to deleverage an economy
LewRockwell.Com
by Bill Bonner
06/11/09
The dumb money is fairly easy to spot. It’s the money that always shows up late to the party, wearing yesterday’s fashions. It watches TV and thinks the reality shows show reality … it thinks Ben Bernanke is a great economist … that the SEC protects investors from fraud and misrepresentation … and that Tim Geithner makes sure the economy keeps running smoothly. It’s the dumb money that thinks you can correct a generation-long period of credit growth in 24 months … with less than 10% unemployment … Stocks have now been in a rally for three months. The longer this goes on, of course, the dumber money gets. People come to think the bounce is a permanent bull market...
http://www.lewrockwell.com/bonner/bonner388.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=com/bonner
by Bill Bonner
06/11/09
The dumb money is fairly easy to spot. It’s the money that always shows up late to the party, wearing yesterday’s fashions. It watches TV and thinks the reality shows show reality … it thinks Ben Bernanke is a great economist … that the SEC protects investors from fraud and misrepresentation … and that Tim Geithner makes sure the economy keeps running smoothly. It’s the dumb money that thinks you can correct a generation-long period of credit growth in 24 months … with less than 10% unemployment … Stocks have now been in a rally for three months. The longer this goes on, of course, the dumber money gets. People come to think the bounce is a permanent bull market...
http://www.lewrockwell.com/bonner/bonner388.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=com/bonner
rudkla - 11. Jun, 09:08
