Credit Bubble Bulletin
#1
Posted 03 February 2007 - 10:13 PM
#2
Posted 03 February 2007 - 10:15 PM
~ Johann Wolfgang Von Goethe ~
#3
Posted 03 February 2007 - 11:36 PM
Theory? No proof? What was it Ronald Reagan said? Oh yea..."...I'll conclude by theorizing that a good percentage of the seven million "services" jobs added over the past five years owe much of their existence to rampant Credit and asset inflation. They're (seductively and dangerously) Bubble Manifestations similar to the tech employment boom that proved so susceptible and disruptive. And, clearly, accelerating Income Growth is at this point very much a Credit Bubble phenomenon. For now, these dynamics ensure extraordinary uncertainty. Yet we should expect the eventual bursting of this Bubble to initiate job and Income losses that will make post-tech Bubble dislocations look inconsequential by comparison."
"An economist is someone who sees something happen, and then wonders if it would work in theory".
Nuff said.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 04 February 2007 - 12:54 AM