The Markets Crash, Depression and Hyperinflation - The Triple Crown of Financial Catastrophes.

What a great time to be an economist!

Yesterday was another dull day in the markets. The Dow was steady. Oil rose a buck. Gold went up $3.

But there’s nothing dull about the economic news. Already, we’ve been able to see things we never thought we’d see. It’s as if our strange neighbours had invited friends, and even some animals, over for a night of fun – and left their curtains open.

So far, we’ve seen a stock market crash and what looks like the beginning of another depression, already marked by the biggest bailouts and nationalizations in history. We’re getting an eyeful! And with a little luck, we’ll probably see a bout of hyperinflation too. Crash, Depression, Hyperinflation – this is the Triple Crown of Financial Catastrophes!

It is remarkable enough that we have been able to witness a genuine