Wall Street is looking at the wrong 60 years

Balestra’s James Melcher warns that the best guesses of Wall Street’s elite are based on an analysis of a period of prosperity that is unlikely to be repeated in our lifetime.

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Balestra founder and CIO James Melcher believes the U.S. has failed to learn the lessons of the Great Depression, that policy makers have little power to correct or bandage the economic crisis, and that the U.S. economy has much farther to fall.

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