Armstrong Economics Blog/Basic Concepts
Re-Posted May 4, 2017 by Martin Armstrong
COMMENT: Dear Martin Armstrong,
This very unusual video about dominoes is 2½ minute and shows how a small domino can knock over big ones. I remember you writing about a small Austrian bank, Creditanstalt, that in 1931 was the first sign of the economic depression. Maybe these dominoes can illustrate what happened.
I hope you are fine and thank you for this blog
REPLY: This is a great example of how a small event can set off a contagion. This is exactly how it works within the global economy