Maybe those books in the 80s – Piggington's Econo-Almanac

May 21, 2008 at 4:34 AM #208953

Participant

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.