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Where Is This Unprecedented Global Financial Crisis Headed? A Retrospective from Alf Field

crisis

Everyone must be wondering where this “unprecedented global financial crisis”, (the World Bank’s words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641

November 26th, 2011 | Posted in Economic Overview,Economy | Read More »

Now Underway: A Spiral of Debt Deflation Into a Bottomless Economic Abyss!

von Mises once said, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency involved” and just that is happening before our very eyes. Words: 2242

July 11th, 2010 | Posted in Economy,Inflation/Deflation | Read More »

 

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  1. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
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  4. GoldRate: it will be interesting to see if this triangle breaks up or down. We’ve had big volatility this week....
  5. Blindfolded Monkey: I don’t have quite the same negative view of Paul Krugman but I agree that it is clear that...
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