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History never repeats - but it does rhyme!!!The tech bubble was...

  1. 5,085 Posts.
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    History never repeats - but it does rhyme!!!
    The tech bubble was child's play compared to this bubble.
    The damage in the tech wreck was limited to a bunch of overvalued companies of limited significance to the overall economy.
    Today, every asset class is correlated and each element is grossly overvalued.
    The final wash up will be a generational drama not unlike the Great Depression - only it will take much longer to recover from.
    Hope you are suitable prepared Pigs.
    Best of luck - we'll need it!
    DDD
 
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