Friday, May 23, 2008

Manias driven by a sense of euphoria (National Post, 22 May 2008, Page P5)




Manias driven by a sense of euphoria

National Post
22 May 2008

Manias roll. They are often sparked from the burning embers of a previous mania because low interest rates and liquidity — required to protect the economy from the fallout of the previous mania — are their oxygen. The U.S. real-estate boom was born...read more...

No comments:

U.S. National Debt Clock