Gyroscopic Investing

It’s always something, isn’t it? We’re still cleaning up the mess from the massive debt-fueled housing bubble in the US when suddenly we’ve got to deal with Europe’s public finances. We haven’t even gotten started on that one when a third debt debacle starts rumbling, in China.

http://blogs.wsj.com/marketbeat/2011/10 ... -subprime/

MachineGhost wrote: It’s always something, isn’t it? We’re still cleaning up the mess from the massive debt-fueled housing bubble in the US when suddenly we’ve got to deal with Europe’s public finances. We haven’t even gotten started on that one when a third debt debacle starts rumbling, in China.

http://blogs.wsj.com/marketbeat/2011/10 ... -subprime/

Debt-based currency + fractional reserve banking = house of cards.