Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
das monde:
The amount of credit extended recently is staggering - but all for non-synergetic "investments" into bubles.
That wasn't credit, it was counterfeit money creation.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Mon Mar 23rd, 2009 at 05:36:10 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series