Comments | the_recession: If Only Enough People Read The Economist Back in 2006

cieldumort in the_recession

If Only Enough People Read The Economist Back in 2006

Jan 11, 2010 21:35

For they may have known long in advance of what was soon to come.

Cover: The Economist

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fed funds rate, ben bernanke, bull markets, bubbles

Comments 5

nefri January 12 2010, 05:56:59 UTC

Yep, everyone I know is just waiting for the fall!

cieldumort January 12 2010, 08:16:58 UTC

If the past is any guide, we can blow this one for quite a while longer.

theheretic January 12 2010, 06:04:17 UTC

I thought you were Mr. Optimist so we don't need to worry about PE ratios and unsustainable policies, right? We can just chill, smoke a bowl or drink a glass of champagne, smile and ignore the truth. Right? Isn't that what they did in 1929?

cieldumort January 12 2010, 08:15:34 UTC

When did I become "Mr. Optimist?" That's Cap's job! ;)

That's actually what the country also did in 1999, 2004-08, and now. One contributed to a lost decade, another to a near-mis Apocalypse, and the current building bubble... well, third time's the charm, right?

theheretic January 12 2010, 13:58:40 UTC

Why stop at 3? We can ignore history a fourth, fifth, sixth and seventh time too!