Tuesday, February 7, 2012
7 Feb 2012
Check out the above link. Credit is usually right. I just don't know when it will happen. Our treasuries are still staying on their plateau despite a sell off today.
"Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size… If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders."
Ludwig von Mises (1949)
at 10:00 PM