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Lance Lewis

Lance Lewis Articles

What will result from the ensuing bust: The likely result of the post-boom bust will obviously be a severe recession if not depression, but as with all disasters government policy makers will attempt to come up with new laws and programs...
Why this time the resulting bust will be worse:
Deflation and policy makers' attempts to defeat it: The U.S. and the world experienced deflation throughout the 1920's and 1930's due to overcapacity in almost every industry. At first the deflation was mild and perceived as a good thing...
The following excerpted material is important for understanding the way many view U.S. stocks today:

In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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