Big Crash Coming?
Dave Cohen, ASPO-USA
In More Like A Depression Every Day, I described strong deflationary pressures in the American economy despite the Shock & Awe fiscal & monetary stimulus being applied. The flow of free money is supposed to counter deflation by boosting both asset values and government spending. Economist Nouriel Roubini, otherwise known as “Dr. Doom”, notes that this “wall of liquidity” is inflating asset values, not just in the United States, but all over the world.