"First, we are in a nascent recovery from the depths of the Great Recession, but the question is "what kind of recovery?" Many suggest that we will see a typical recovery, like we have seen with every recession since World War II. As regular readers know, I don't think we've gone through a typical, garden-variety recession, and to expect a typical recovery is more faith-based than factual. We had a deleveraging recession and we are still deleveraging. The process, as shown in studies I have written about, takes years to conclude...
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Ian
This week's "Tools of the Trade": http://snipr.
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This week's "Tools" topic: This week, we're going to check in for a little education on monetary policy. A fascinating sequel to Money As Debt is our special "Tools" link this week. Share it with others. It's time to awaken from sleep about who actually "pulls the strings" in our economic system.
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