JAMES GRANTH “THREE COMMON FEATURES OF A BUBBLE”
“One fundamental (i.e., a technological revolution), One part financial (i.e., a surge in money and credit), and one part psychological (i.e., a suspension of belief in traditional valuation measures).
Predictably, the risks to savings are the greatest just when they appear to be smallest.
Inflation is measured by the growth in money and credit rather than in an idiotic index of consumer prices.
Just as any other state of affairs that has been artificially created and maintained by inflation, the present system bears in itself the germs of its own destruction.”
Göran Högbergs Finanskrönika varje vecka – klicka här för mer information!
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