bookface wednesday, page-55

American economist Irving Fisher was noted for saying in 1929 right before the crash that "stock prices have reached a permanantly high plateau"

There have been some interesting contrarian indicators of late, during the budget Wayne Swan said something about the AUD being at consistantly high sustained levels, there was an article about Gina Rinehart in the paper today saying that she is the richest woman in the world worth $19B blah blah blah.

Guess what since Swan said that idiotic remark about the AUD it has come of 8% and as for Gina we will have to wait and see.

Swans remark sounds very similar to Fisher's.....