The trick is that banks are backed by assets and asset prices have been bid up because of the money printers. What the ponzi can ill afford is for asset prices to fall. Bonds and real estate must all be kept elevated, or the entire ponzi collapses....more
Tuesday, February 7, 2012
2:42 PM by Rifan MuazinNo comments
The trick is that banks are backed by assets and asset prices have been bid up because of the money printers. What the ponzi can ill afford is for asset prices to fall. Bonds and real estate must all be kept elevated, or the entire ponzi collapses....more
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