Only the money is cheap
By Martin Hutchinson
The Bear Stearns bailout and the associated calls for further Federal intervention in the mortgage market have highlighted once again an eternal economic truth: in an era of excessively cheap money, only the money is cheap. Everything else - assets, business ethics, economic stability, support for free markets - becomes either horrendously expensive or wholly unobtainable.
It is not surprising that political support for free markets wanes in an era of excessively cheap money because the markets themselves stop working to the advantage of society as a whole and become rent-seeking exercises for the well-connected… >>
An excerpt from another Asia Times article that will tell you everything you wanted to know about the end of the world as we know it. Always a little over the top and always the worst case scenario but at least they ask the right questions.
If you trade Forex then you want to see these MarketClub videos. No ifs, ands, and buts with the Triangle Trading Strategy.
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