The Post Boom Pain
Apr 28th, 2008 | By Bill Bonner | Category: Politics & EconomicsThe Wall St boom is over but it is an open question whether painful adjustments will be made by inflation or deflation.
The Wall St boom is over but it is an open question whether painful adjustments will be made by inflation or deflation.
Eight years into a new millennium, it feels like the end of an era. The end of the eras of cheap credit, cheap food and cheap energy. Will they be back? Even Pollyanna might swallow hard before giving the nod to that one.
The tragic end of the Great Moderation…deflation works on yesterday’s bubbles…the new Alpha male on Wall Street. The frogs are now richer than Americans…and more!