Thursday, Oct 23, 2008
Fed Liquidity Efforts 'Hyper-Inflationary': Video
Bloomberg: Bianco Calls Fed Liquidity Efforts 'Hyper-Inflationary': Video
Smart guy talking about credit problems. Housing problems have blown a hole in the banking system. Fed actions are hyperinflationary. But "if we shrink the real world to the size of the financial system we get Great Depression II."
Posted by mountain goat @ 05:02 PM (248 views) Add Comment
1 Comment
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1. planning4acrash said...
Hyper inflation was defined as increase in the money supply of 25% or over. What we see now is stupid inflation. Lets hope the free market shuns the money and it is funneled into derivatives, that they explode, taking the elite with them.