Friday, November 13, 2015


Excellent description of today's economy.

Every boom and bust are different, and the next will be different from the last.
"First of all, boom and busts do not necessarily occur in the same sectors or with the same magnitude from one monetary expansion to the next. The last financial crisis was concentrated in mortgages on the U.S. housing market, but this time around a bubble is forming in corporate spending, where monetary expansion is used to fund mergers, acquisitions, and to invest in one’s own company by buying its shares off the market."
OK, but don't discount a real estate bust. It'll be big too.

Americans buying lots of gold.

No comments:

Post a Comment