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  • Interesting article

    http://www.time.com/time/business/ar...868969,00.html

  • #2
    Re: Interesting article

    excellent article and spot on I believe!

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    • #3
      Re: Interesting article

      I do believe that the credit squeeze at first was partially due to banks hoarding cash to rebalance reserve requirements in light of many of them holding questionable assets the value of which was and still is hard to determine.Better break out the polyester and disco balls.70's stagflation here we come.No wonder the wonder child put volker on his economic advisor team.


      RN

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