Friday, July 27, 2012

The Snickers Depression

Gonna be here for awhile...

"Sadly, there is no evidence that suggests controlling excessive indebtedness worked better with, than without, the Fed. The relevant point to take from this analysis is that U.S. economic conditions beginning in 2008 were caused by the same conditions that existed in these above mentioned panic years. Therefore, history suggests that over-indebtedness and its resultant slowing of economic activity supports the proposition that a prolonged move to very depressed levels of long-term government yields is probable."  [Read more...]

--Van R. Hoisington & Lacy H. Hunt, PhD.,

Q2 2012

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