The Credit Crunch is a myth?

Discussion in 'Economics' started by crgarcia, Nov 9, 2007.

  1. So this guy is long the USD then.
  2. We'll see how much of a myth it is when it hits credit card debt.
  3. 25 years of near constant asset inflation has clearly created some sort of brain damage amongst the populace. Yes, there have been pockets of dis-inflationary busts, yet the lesson that people take from that is "hey no problem, just sit on it".

    Try explaining the latest s*** storm to the disinclined and observe those quizzical, half dazed expressions. The enormity of it all is too large to fathom.