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FEAR THE BOOM AND BUST ..
posted on
Feb 20, 2010 12:17PM
from Australia Daily Reckoning:
Fear the Boom and Bust
The Business cycle theory, which explains how the crisis we are in comes about and how it plays out. "Blame low interest rates" says the chorus.
Here are the key verses:
"The place you should study isn't the bust It's the boom that should make you feel leery, that's the thrust Of my theory, the capital structure is key