the bear's lair archive

Commentary Archives

2009 looks like another Bear year	Martin Hutchinson	Dec 29, 2008
Demand transparency	Martin Hutchinson	Dec 22, 2008
How recessions become Great Depressions	Martin Hutchinson	Dec 15, 2008
Worse than the Great Depression	Martin Hutchinson	Dec 08, 2008

Bear's Lair

Jan 5

Quarter-century fast forward

With an unpopular war, a deep recession, an irresistibly growing public sector, excessively rapid money supply growth that may spark off inflation, a dangerously large payments deficit and a workforce excruciatingly vulnerable to international competition, the United States is today in a similar position to that of 1970-71.

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