Friday, February 20, 2009

The cats head is sticking up out of the bag...

HT to Gary North. A major news player finally prints what was only seen and spoken of by those crazies of the internet.

Synchronized Boom, Synchronized Bust
Bad U.S. monetary policy had global consequences.
By MARC FABER
The world has gone from the greatest synchronized global economic boom in history to the first synchronized global bust since the Great Depression. How we got here is not a cautionary tale of free markets gone wild. Rather, it's the story of what can happen when governments ignore market signals and central bankers believe in endless booms...

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