Daily Archives: 22/09/2012

I hear people, repeatedly, referring to this financial crisis as a recession. In a recession, the Fed raises interest rates to to choke off an overheated economy. Has the Fed raised interest rates? No. This is a deleveraging. Too much credit was extended by overly greedy people to people that were inundated with the ‘treesContinue reading “Conspiracy Theory. 21 Sept 2012.”