They are three big bears! And to their credit, they've been telling us for years that our economic policy would lead the Fed to "bail out" the system with massive doses of liquidity and lower interest rates.

Now the issue is whether the Fed will succeed in preventing a deflationary collapse, and whether today's medicine will lead to tomorrow's inflation. The three bears are not optimistic.

Bert Dohmen: Prelude to meltdown

Bert Dohmen has written th ...

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