Will the current bull market die spectacularly, à la 1929, or—as in 1974—strangle in weird silence?
It depends on whose interpretation of both history and the current crisis you believe. For one of America’s most prominent supply-side economists, the answer is yes.
The crisis swept over France and Germany and Britain alike—and they all nearly foundered. Now more than ever, it is important to remember it didn’t just happen here.