Thursday, January 14, 2010
....and Alan Greenspan, as *professionals*, were not allowed to participate!
I especially chuckled at the screaming, *bubble within a bubble* analogy.
It is somewhat surreal these days, to look about and see people still making highly leveraged investments in over-priced stocks, bonds, and real estate, still squandering all their *home equity* for their brats' useless college education, and still scurrying around in much the same manner that they always did. And, not to pick on the lumpen masses....note that *governments* have also been recidivating.
Last year's financial meltdown wasn't simply a one-off event.
Unfortunately, the end-of-the-worlders will eventually (soon?) have their day.