Saturday, November 22, 2008

US -- The Coming Greater Depression

Published in the Industrial Economist Nov'2008

Why the current crisis in the US is going to be worse than the 1930's. As I have explained, the depression this time is going to be accompanied by Hyperinflation and the US is very likely to follow the route of the Weimar Republic over the next few years.

Also, the current strength in the dollar is a fleeting event unrelated to the fundamentals. The rationale is explained in the same magazine in the article The Last Gasp of a Waning Currency

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