Normal
It is my take that there has been no recovery. Not of substance anyway. Q/e by money creation from thin air is not a recovery.One only has to look at the 20 year chart of the Dow and it can be seen where recoveries (dot.com etc.) are rebuilt on the release of low interest money and now of course no interest money.Unless value goes back to a measure of physical output (which is the real GDP) there will be no recoveries.Though one may not entirely agree across the board, a lot can be learned by reading Von Misers writings. The web page I use is:- http://mises.org/The big mistake has been political interfearance in economic systems. Making cheap money etc. There needs to be more regulation on controlling the crooks (read banks) and less on free trade. IMveryHO
It is my take that there has been no recovery. Not of substance anyway. Q/e by money creation from thin air is not a recovery.
One only has to look at the 20 year chart of the Dow and it can be seen where recoveries (dot.com etc.) are rebuilt on the release of low interest money and now of course no interest money.
Unless value goes back to a measure of physical output (which is the real GDP) there will be no recoveries.
Though one may not entirely agree across the board, a lot can be learned by reading Von Misers writings. The web page I use is:- http://mises.org/
The big mistake has been political interfearance in economic systems. Making cheap money etc. There needs to be more regulation on controlling the crooks (read banks) and less on free trade. IMveryHO
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