"Our currently disastrous global economy may also be attributed to governments that ignored market signals and central bankers who believed in endless booms, Faber says."I'm just trying to point out the amount of CrazyTalk out there. In theory, Greenspan felt he could "fool in the bathtub" rates. But I don't think you could say that he ever thought that there would be a Never ending boom, in that classic "Endless summer" kind of mentality.
Saturday, February 21, 2009
Faber: The Fed Created This Recession
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