Published on Zero Hedge (http://www.zerohedge.com)
Guest Post: A Sane Person Ought To Consider These Important Lessons
By Tyler Durden
Created 03/27/2013 - 16:49
One would think that certain truths are obvious by now. It should be obvious, for example, that there are consequences to living beyond your means. It should be obvious that there are consequences to a long history of spending unsustainably and accumulating mountains of debt. And it should be obvious that there are consequences to dealing with such problems by spending more and accumulating even more debt. It should be obvious. But it's not. Hyperinflation always starts with a surge in asset prices. And as I see stock markets at new highs, property prices posting big increases, and bond yields of the greatest debtor nations in the world hover at just over ZERO, a sane person ought to consider these important lessons from history.
Source URL: http://www.zerohedge.com/news/2013-03-27/guest-post-sane-person-ought-consider-these-important-lessons
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