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"Deleveraging those balance sheets will be extremely dangerous. Central banks will have to sell bonds and other assets back into the financial markets to reduce the size of their balance sheets."
That will never happen. Central banks' balance sheets will get deleveraged the way everything else will get deleverage...more
I sincerely doubt the effectiveness of this thing about bundling up foreclosed homes and selling them to investors (which some commenter who works in real estate discussed
Houses are too one-of-a-kind. It's not like taking bags of Cheetos and putting them in a box.
"As far as I am concerned the only people who will really benefit from the gold standard idea are those who currently own gold"
You have got it absolutely backward. The only people who really benefit from our current funny money system are those who currently own gold. Under a gold standard, someone with a pensio...more
A return to a hard money standard would be an excruciatingly painful economic transition.
The public support for a gold standard is probably just like public support for a balanced budget- so long as its just theoretical sure it sounds like a great idea. Once the public realizes the draconian cuts to government pr...more
Saying the Fed shouldn't print money is like saying the sun shouldn't come up in the morning.
The US is insolvent. There is no way we can pay our debts. Printing money is the only way out.
Yes we are headed for hyperinflation but there is nothing that can be done about it.
"Everyone wants to tell you what will happen, but no one wants to tell you when" Disagree. Some will tell you when. Those are the fools and they always wind up shooting themselves in the foot. It is possible to anticipate broad trends but timing is imperfect. After all, markets are utterly irrational in t...more