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Doug Noland’s Credit Bubble Bulletin: Perils of Unsound Money

The consequences of decades of unsound money are coming home to roost. Our nation is hopelessly divided in an increasingly decoupled world. Predictably, inflation and Bubbles are sowing inequality, insecurity, hostility and conflict – at home and abroad. Trust in critical institutions continues to wane. The costs associated with this epic policy failure will be enormous – possibly catastrophic.

Intel’s Tragic Tumble

Just two years ago, Intel looked like one of the strongest, most stable, most promising equities in the known universe. This chart is a thing of great beauty, and INTC had made many people a tremendous amount of capital appreciation. It just goes t…