Got some 'splaining to do

Ruigh, Dave
June 2009
Liberty (08941408);Jun2009, Vol. 23 Issue 5, p11
The author anticipates the elaborate explanations for the poor performance of the capital markets. He declares that the economic woes of the '70s may be less severe than today's crisis but they were spread out over a decade with cumulative effect and enduring damage to the economy at par with this depression. He adds that there may be no correlation between the War on Terror expense and the housing bubble, but a stress on one part of the system may have profound effect in seemingly unrelated remote component.


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