Well what do you know? Noted American economist, Joseph Stiglitz, says that the whole US government ‘Bailout’ strategy is seriously flawed! I never would have guessed it, would you? I thought that throwing $$$ TRILLIONS of paper money at the problem probably would work, but now I’m just not so sure? Hold the presses! Is the Entire Bailout Strategy Flawed? Let’s Rethink This Before It’s Too Late Yes, Please…
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Stiglitz made a point not too long ago that resonated with me, that the last bull market preceding the crash was largely fueled by the run-up in the real estate market. That turned out to be fool’s gold. Stiglitz asked, rhetorically, what will replace housing to drive the next bull market? I don’t have an answer, either.