The past 25 years have been unique in financial history. Indeed, - TopicsExpress



          

The past 25 years have been unique in financial history. Indeed, the world is trapped in a perilous experiment with unfettered finance - with no limits on either the quantity or quality of Credit created. Credit is inherently unstable. Marketable debt instruments exacerbate instability. A financial system where Credit expansion is dominated by marketable debt (in contrast to “staid” bank loans) is highly unstable - I would argue unwieldy, whimsical and prone to manipulation. prudentbear/2014/06/no-bubble.html#.U7HzArHHhJJ
Posted on: Tue, 02 Sep 2014 16:37:09 +0000

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