When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Sunday, March 23, 2014

Do People, Central Banks, or Governments, Learn from Financial Crises?

Short answer: No. The US government and Federal Reserve are now in a bubble to bust to bubble repeating economic cycle and trap -- and they wonder why there is anemic recovery --

When he was asked what people would learn from the whole financial crisis, Jeremy Grantham said, “In the short term a lot, in the medium term a little, in the long term, nothing at all. That would be historical precedent.” (source)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects