The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

A Member of the Law Professor Blogs Network

Sunday, March 31, 2013

Sundown in America - NYTimes.com

Over the last 13 years, the stock market has twice crashed and touched off a recession: American households lost $5 trillion in the 2000 dot-com bust and more than $7 trillion in the 2007 housing crash. Sooner or later — within a few years, I predict — this latest Wall Street bubble, inflated by an egregious flood of phony money from the Federal Reserve rather than real economic gains, will explode, too.

via www.nytimes.com

I worry about this. --ts

http://rightcoast.typepad.com/rightcoast/2013/03/sundown-in-america-nytimescom.html

| Permalink

Comments