Daryl Montgomery

Is the U.S. Banking System Safe?

Almost every point in this article was covered in the fall of 2007
by the New York Investing meetup, up to and including our predicting the insolvency of Fannie Mae and Freddie Mac. We agree that the U.S. authorities are attempting to copy the 1990s disastrous Japanese policy decisions for the U.S.banking system. However, we disagree with other analysts in that we are predicting the U.S. will experience a major inflation episode instead of the deflation experienced in Japan.
- Organizer, New York Investing meetup