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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Mainstream Proclaims Gold Is Back in Vogue https://t.co/6W9QjYnDa6 @SchiffGold
- Bitcoin is a bit of a lobster pot — it’s easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and that’s looking quite appealing right now. http://bit.ly/2DrHoEJ
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- Just this week New York Federal Reserve President William Dudley noted that the Federal Reserve was considering its own digital currency. http://bit.ly/2B1OzTi
- Central bankers have succeeded in their efforts to reflate the stock market & the housing bubbles over the last eight years. But that’s not good news. http://bit.ly/2CX69Gq
- Liberty Canada new prime minister Justin Trudeau
- Middle class will be impoverished & they'll blame Trump http://bit.ly/2DtsACr
- Successful casino developer defends his employees whose paychecks are being “degraded” by healthcare: https://t.co/nXr3r30CWN
Wednesday, January 6, 2016
How will this great depression be remembered in the future? How wil it be explained in the history books?
^sorry, ^will So my view is that we're in a great depression that started in about '07. The FED managed to blow gigantic bubbles to postpone the inevitable and make matters worse. This view is probably pretty common in this sub. What I'm wondering is, how will this depression be remembered in a few decades? We all know this crisis is caused by the expansion of cheap credit and malinvestments in the economy but are there any hints to what the depression will be blamed for? What do you think will get the blame and are there any hints that point to this? Will it be globalization or cold winters, automization or the energy crisis, War in the Middle East or not enough money printing?