SubscribeAll Posts Tagged With: "the new deal"
Back to the Future
The whole world seems to have traveled back in time. We once again have pirates sailing the seven seas and grabbing ships that are worth fortunes – $100 million worth of oil to be exact. The U.S. Navy which once fought the pirates of the Barbary Coast may soon engage the pirates of the Somali coast.
The financial world also seems to have traveled back in time, specifically to the 1930s. Fearful financial institutions are basically liquidating all assets around the globe and putting them into the US bond market. The bond market has now, in effect, priced in a depression…
24Nov2008 | Oxbury Research | 0 comments | Continued
Loading ...
