Capturing a Major Macro Theme of Our Time
May 11, 2008
Roger Nusbaum submits:
In a video on Bloomberg Stephen Roach said that no country has ever devalued its way to prosperity, and the U.S. won’t be the first.
A few times since the tech bubble burst I’ve heard or read people pointing back to some very specific indicators/factoids from when the bubble was inflating with the tone that an extreme bursting was “obviously” going to happen.
Capturing a Major Macro Theme of Our Time
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