look, this whole market rally since whenever and the whole development of china and india and brazil and wherever has been built on (1) diversification to risk from banks to ordinary folks and silly people for whom common sense doesn't need apply (hedge funds), and (2) expansion of credit. The whole freaking globe is trying desperately to find a way to make the rich richer and the poor poorer without the house of cards tumbling down from either social unrest or a fallout between the banks (aka the credit crunch) or a war between the elites in various countries that feel aggreived by the distribution of wealth when the house of cards does tumble.. me, I'm stocking up on bottled water and baked beans.. and gas masks..
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