-
interesting read
-
makes more sense than anything governments have done so far about the recession… "This unraveling may not occur for a while, as easy money and excessive global liquidity can push asset prices higher for a while. But the longer and bigger the carry trades and the larger the asset bubble, the bigger will be the ensuing asset bubble crash. The Fed and other policymakers seem unaware of the monster bubble they are creating. The longer they remain blind, the harder the markets will fall."
- Author: Adriana
- Published: Nov 2nd, 2009
- Category: Reading & Bookmarks
- Comments: None
