It’s 2008 All Over Again… Only Worse
by Phoenix Capital Research
ZeroHedge.com
04/30/2011
Bernanke and pals wanted to recreate the same booming leverage and fiscal insanity of the bubble years. And they’ve done that in a big way. Among their various successes:
§ Commodities are at levels not seen since 2008.
§ Gas prices are at levels not seen since 2008.
§ The US Dollar has fallen to levels not seen since 2008.
§ Bank leverage is at levels not seen since 2008.
§ Microcap stocks are at levels not seen since 2007.
§ Wall Street bonuses are at levels not seen since 2007.
It’s really striking the similarities. And all the Fed and US Government had to do was:
1) Make itself insolvent
2) Bankrupt the US
3) Spend Trillions in Bailouts and Stimulus
4) Trash the US Dollar
So what’s the difference this time around?
The Rest…HERE