Credit Bubbles - Virtual Bank or Money Pit?

Posted by M ws On Friday, March 22, 2013 1 comments
Have you read The Malaysian Insider's article on Credit bubble imminent as Malaysia’s household debt rises? You must read it and take stock of the situation here and internationally.

Check out the following articles as well:

Finally, if you would like to know more about credit bubbles, please read Bill Bonner and Addison Wiggin's article on credit bubbles AT THIS LINK (highly recommended).

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. 

- Ludwig von Mises-

1 comments to Credit Bubbles - Virtual Bank or Money Pit?

  1. says:

    UP41 I remember the banana money / paper notes that worth nothing except to remind us the end result of printing money without backing of economic growth during Jap occupation here.

    Of course it is not called printing money now - it is called QE in US, target inflation in Japan and property boom in Malaysia. Should I include ETP and Satu whatnot too ?

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