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A 'Credit Cycle Bust' That Cannot Be Stopped
http://www.contrarianprofits.com/articles/a-cre...
This is no ordinary downturn. After the biggest credit bubble in history, we face a correction on an unimaginable scale. Make no mistake about it: This is a credit-cycle bust that the government cannot stop. The losses are already catastrophic. And the massive unwinding is nowhere near finished yet...
            3 vote(s) 2 comment(s)
file under: AIG, Bill Bonner, Citigroup, Credit Bubble, credit cycle, day of reckoning, deleveraging, global credit crisis, Global Depression, Housing Bubble, James Davidson, market correction, US Banking, US economy, US housing crisis, US recession by murrayrothbard 2008/12/09 13:50:38
   
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by murrayrothbard 12/09/2008 13:51:04
Read the full report at http://www.crisisstrategyalert.com/ +REPLY?
by Nacychen 12/13/2011 01:31:43

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