The Fed is Pushing Us Toward a Financial Reset

by E.B. Tucker
Casey Research

In the summer of 2006, I took a weekend trip to Miami Beach. It was my first experience with what we later called the credit bubble.

I had dinner at a restaurant called Tantra. It went out of business the following year. I’ll never forget the scene.

After walking in the front door, I said, “Smells like a grass lawn in here.” The hostess told me Tantra appeals to all the senses. Every day, they laid fresh sod in the bar area to stimulate their guests’ sense of smell.

The visual appeal of the place was obvious. Miami Beach is already a spectacle. Here, it looked like they hired dozens of scantily clad models to parade around.

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