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Mish's Global Economic Trend Analysis is the #1 Blogger for US Economic Bailout of 2008
So the only way the roughly US$1 trillion of money that the Federal Reserve has injected into the banks will result in additional spending is if American families and businesses take out another US $8-10 trillion in loans. What are the odds that this will happen, when they already owe more t...
I am thinking about the millions of workers who were cut loose by their partners, their government, their businesses, their bosses, their schools, institutions. The rope has been cut. How did this happen. When did it happen? Was it the crash or the Mad(off) men or the shock and awe of the (don'...
Sat, Jan 30 | from Huffington Post