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Saturday, Aug 1
2009, 9:00 AM
Weekend reading recommended via Pragmatic Capitalist and Zero Hedge: Boeckh Investment Letter's...
Weekend reading recommended via Pragmatic Capitalist and Zero Hedge: Boeckh Investment Letter's "The Great Reflation Experiment" (.pdf), which contends that a long-term inflationary approach has the U.S. consigned to a roller-coaster ride of bubbly cycles: Saying the crisis was a "black swan" event "is grossly misleading, as it implies that the crash was so far beyond the realm of normal probabilities that it was unreasonable to expect anyone to have foreseen it."