The Wrecker’s Ball of Swinging Interest Rates, by Antal Fekete (2002)

Businessmen must understand what is happening to their capital. Issues that the national debate on the accounting scandals dare not touch.

Gentle readers, below is a scanned copy — the only copy on the internet — of Prof. Antal E. Fekete’s article: The Wrecker’s Ball of Swinging Interest Rates (2002).

This article is necessary to fully comprehend Fekete’s prophetic 1986 warning of the deflationary bond/derivatives bull market that for decades has been, and still is, destroying the capital base of the world economy.

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