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Citron lost $1.69 billion, which forced the county to file for bankruptcy in December 1994. The county sued a dozen or more securities companies, advisors and accountants, but Merrill settled without admitting liability in June 1998. The county was able to recover about $600 million in total, including the $400 million from Merrill.
The 1987 Crash came precisely to the day on our Economic Confidence Model 1987.8 (365 x .8 = 292 days = October 19th, 1987). The dominos were set up by Paul Volcker who raised interest rates to stop inflation going into 1981. However, raising the discount rate to 14% dramatically increased the amount of money the US paid on its national debt.
Spread the love. Global Meltdown. Economic Confidence Model & the July 20th Turning Point. Worst So Far This Century. The Crash of ’98 Continues. Intervention With a new twist. Is this the Next Great Depression?
2021年3月12日 · We still see that this cycle into 2024 will be one of inflation. Our computer has projected that this inflationary cycle would be one based on shortages. True, that that $1.9 trillion bill is just a Democrat’s wish-list. The $1,400 checks are for about 100 million. The fact that 70% of Americans approve of this and assume they are getting ...
Spread the love. The-New-Yorker-article (PDF) 10 Page Article on Martin Armstrong.
He fled England and traveled to Amsterdam where he then observed the new developments in banking. Law had previously studied mathematics, commerce, and political economy in London. John remained on the Continent for about 10 years before returning to Scotland, which prior to 1707 under Queen Ann (1702-1714), had been its own country before the ...
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