‘There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.’ – Ludwig von Mises
Getting Perspective and Dealing with Volatility
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The S&P 500 is down 5.5% this month and volatility is rearing its ugly
head. This is a good time to get some perspective by putting the move into
context. ...
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