Quotable
"The length and severity of depressions depend partly on the magnitude of the 'real' maladjustments, which developed during the preceding boom and partly on the aggravating monetary and credit conditions."
Gotfried Haberler, Prosperity and Depression, 1937
Commentary
Credit Bubble Bulletin
by Doug Noland | May 28
Global markets remained unsettled and volatile.
The Bear's Lair
by Martin Hutchinson | May 31
We now have a considerable amount of new evidence on the Keynesian stimulus theory and the reality is clear: it works very rarely, and in most cases is highly counterproductive.
Read moreFeatured Commentary
by Satyajit Das | Apr 7
Economic fixes that rely on easy credit and government support mask worsening problems.
Read moreGuest Commentary
by Gordon T. Long | May 31
EXTEND & PRETEND: It's Either RICO Act or Control Fraud
We are entering the Age of Rage.
Read moreSovereign Credit-Default Swaps Surge on Hungarian Debt Crisis Payrolls in U.S. Increase in May Less Than Forecast Hungary Economy Is in Grave Economic Situation, Szijjarto Says U.S. Stock Futures Extend Losses as Jobs Growth Trails ForecastsTop News
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