where hypotheses come to die (madman101) wrote,
where hypotheses come to die
madman101

Martin Armstrong says:

In 1927, the Fed lowered US rates to try to help Europe which was then in the middle of an economic debt crisis the same as today.

It is very curious how history repeats and we have just witnessed the Fed yield to international pressure once again. In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis.

http://www.zerohedge.com/news/2015-09-18/martin-armstrong-warns-fed-just-made-same-mistake-it-did-1927 - (tiny article)
Tags: -posted to economic_sanity, economists, economists - armstrong martin armstrong, economy - interest rates, history - 1927, history repeats
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