Stop the World and Melt with Us
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*Hunter and Chris Snipes invited me back onto The Melt* for a chat on
Synchromysticism, Philip K Dick, and (of course) the Sibyl. It's a very
lively and ...
16 minutes ago
Seeded by jade-log
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Well, actually credit expanded more rapidly than the 4.2 percent rate in 2010 in every single year that Greenspan chaired the Fed. In fact, it expanded more rapidly in every year in this series (going back to 1976) and probably every year since the Great Depression. In other words, for Alan Greenspan night is day, up is down, he is looking at an extraordinarily slow pace of credit expansion and telling reporters that is the fastest on record...