“This recession is going to be a bad one.”
- Gary North

Mises’ theory of the business cycle:

The central bank inflates. This creates a boom. This creates sectoral bubbles. Then the central bank ceases to inflate. The bubbles will pop. The economy will go into a recession.

Gary North… This recession is going to be a bad one …. I think your first line of self-defense is your job. If you lose your job, you are in big trouble. You will have to sell your assets in a fire sale economy.

You need to do whatever it takes to increase your value to your employer.


- Gary North @ LewRockwell.com: March 22, 2008: Link.

Thanks, EB.