Sunday, June 03, 2012

Michael J. Casey, The Unfair Trade

The Unfair TradeMichael J. Casey, The Unfair Trade: The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class (also reachable via the short link offers some interesting anecdotal analysis of the ongoing global recession. Casey's account of the gold bubble as the perfect storm of inflationary expectations (by the rich) and deflationary realities (for the poor) rings very true. If we get a third round of quantitative easing (QE3) by the Federal Reserve, which suddenly looks inevitable, we may enter another appalling run-up in "hard" assets and putative stores of wealth/hedges against (mostly phantom) inflation.


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