Sunday, November 22nd, 2009

Posts Tagged ‘ bubble ’

Why Reflating The Credit Bubble Is A Bad Idea

Nov 19th, 2008 | By Bill Bonner | Category: Politics & Economics

You can’t cure a bubble by reflating it, says Bill Bonner. But that won’t stop the Obama administration from trying. Bill says we should get ready for trillion-dollar budget deficits, huge infrastructure programs, and bailouts for “brain dead” businesses. But none of this will be able to stop the economic correction that has to happen.