by Jeff D. Opdyke, GoldSeek:
I live in hurricane country, South Louisiana. You learn down here that the first sign of blue skies after a ‘cane passes through isn’t the relief it first seems. It’s a head fake — the quiet, clear eye of the storm. The horrible truth is that it’s a beautiful lie. For on its way is the backside of the hurricane, and the destruction it brings is often worse than what you’ve already survived.
Economies have their own analog. The financial storm passes; the regulators, politicians and populace exhale their relief … and then the backside slams with an unanticipated ferocity — just what happened after the 1929 financial crash.
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