Monday, July 21, 2014

Economy

People feel confident enough in the economy to quit their jobs to get better jobs. I wonder how many will regret that decision when the next crash hits when they're between jobs.

Billionaires warn Yellen will create unprecedented crash, but the article doesn't say how. My guess is by reducing money printing. If that's true, they will be sort of right. The damage is done during the credit boom. The crash, which starts the healing process, comes when the credit creation slows or stops.

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