Why 2011

By |2019-04-09T17:57:41-05:00April 9th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The eurodollar era saw not one but two credit bubbles. The first has been studied to death, though almost always getting it wrong. The Great Financial Crisis has been laid at the doorstep of subprime, a bunch of greedy Wall Street bankers insufficiently regulated to have not known any better. That was just a symptom [...]