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Debt Deflation

May 21, 2015 James Nolt 0

My blog on “The Great Crash” two weeks ago mentioned Irving Fisher, the Yale economist who days before the great stock market crash of 1929 […]

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Less than Nothing

May 14, 2015 James Nolt 0

In recent weeks, something happened that has probably never before happened in history. Various European government bonds were trading with negative nominal yields. Just to […]