Higher rates will only serve as a “margin call” in a system with no margin left!… Bill Holter: “gee, what rocket scientist could have figured out the greatest credit boom in the history of his
Higher rates will only serve as a “margin call” in a system with no margin left!… Bill Holter: “gee, what rocket scientist could have figured out the greatest credit boom in the history of history would begin to unwind after an interest rate increase”?
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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