The Marginal Futility of Debt

[autorank]

It's the end of the road for phony capitlism...

The Marginal Futility of Debt by Numerian

This is a recipe for yet another crash as we saw in 2008, only worse, because now the crash will be caused by a loss of confidence in the rescuer of last resort – the Federal Reserve and the US government. Once that prop is removed from the market, there is no other hero around who is able to pull the market back from a slump. A natural bottom will have to be reached where selling exhausts itself, and the last time we saw that phenomenon, the Dow was at 6,600.

Link: http://agonist.org/the-marginal-futility-of-debt/

[freedom fighter jh]

1. Thanks for the link

Finally a piece about economics that I can understand. Those don't come along often.