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Congress expected to pass financial rescue package: Getting Ready for a Deeper Recession

Franklin @ September 28, 2008 # 7 Comments

Congress expected to pass financial rescue package: Financial News – Yahoo! Finance So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible during hyperinflation. In September of […]

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At a financial crossroads

Franklin @ September 19, 2007 # 6 Comments

With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market. As I pointed out before, Bernanke’s solution to the “liquidity crisis” is utterly destructive because it implies more […]

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