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We Are Living In A Silent Depression | Emil Kalinowski

Forward Guidance

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Is There a Constraint in Bank Lending?

In the fifties and sixties, if you wanted to start y, you would borrow from mister bank. Now i might go to a venture capitalisti If i'm a large public company, i might be able to sell a shoecom that's worth ten million dollars. This is not something that you see during a silent depression. Our economy still is growing dreadfully. Money is available for some nesses, the safest ones, predominantly and some fantastic stories. We don't need to see the first four years of the great depression to be in a depression.

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