Some interesting articles came out today that reminded me of an old discussion. Just over a year ago, on July 5, 2007, I wondered aloud:
Ok. I’ve got a crazy idea…
The entire concept of “loose monetary policy” couldn’t happen under the old gold standard. Since oil is already priced in USD (mostly… although I seem to [...]
Financial Armageddon points to the Reuters article:
Worried about inflation? Just wait
where he argues that deflation is the next big worry. I have to humbly disagree. Sort of.
I do agree that financial asset prices are due for a massive correction, but the economy is made of more than just financial assets. Financial assets will see deflation, [...]
Occasionally, I like to poke my nose in and see what my old comrades are up to over on NP. It seems the infamous thread is still alive and kicking.
However, it appears they are still talking about subprime. When are they going to realize that subprime was merely the first symptom of a massive global [...]
I hope I’m giving enough disclaimers so that no one can possibly be fooled into thinking I actually know what I’m talking about, but I continue trying to absorb as much as I can as events unfold.
I know very little about financial statements and most of my comments on the subject of corporate leverage have [...]
