For The Record
2008, 1929 and 1873 Bubbles

Bob Hoye snippet
Institutional Advisors
Jan 12, 2009

The establishment promised that nothing could go wrong.

"The truth is that Fed governors, together with their crack staff of Ph.D economists and market analysts, are as close to an economic dream team as we are ever likely to see."
-Gregory Mankiw, Harvard economist and textbook author,
New York Times, December 23, 2007

"So Congress tried to make sure it would never happen again by creating a system of regulations and guarantees that provided a safety net for the financial system."
-Paul Krugman, explaining interventionist measures installed after the 1929 debacle.
New York Times, March 21, 2008

But it did!
Scott Stantis, Alabama, The Birmingham News

Jan 9, 2009
-Bob Hoye
Institutional Advisors
email: bobhoye@institutionaladvisors.com
website: www.institutionaladvisors.com

Hoye Archives

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