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Eerie Parallels Between Soviet Planned Economy and American Capitalism

By Implode-Explode Heavy Industries

" The foolish consequences have now come home to roost, consequences of pursuing a policy that encouraged short-run speculative trend following capital inflows, which buoyed domestic stock and bond markets and kept domestic interest rates low at the expense completely ignoring trade competitiveness, a rising current account deficit, and a growing net debtor position."

Full post as published by Mortgage Lender Implode-o-Meter on June 02, 2009 (boomark / email).