gold, page-4295

""Just a general comment about how ludicrous financial markets have become."
Well, we both agree on that, no question.
There will be huge problems, and people are in denial...such is human nature.
"This time it's different". Yes it is...we've never sen NIRP before!!! This in itself is an exposure of the total failure of Central Banks, globally.

Sadly, it's never different.
What is extraordinary the shenanigans of 2005-2007...so soon after the same of Enron, WCOM, Adelphia, Waste Management, Tyco, Global Crossing (whom I used to hold...went to last AGM, with former Sec of Defense William Cohen on the Board) etc., etc..., Who is surprised?
As we used to say on Wall St (we outsiders):
Denial is not a river in Africa.
P.S Note new signature



This Time Is Different: Eight Centuries of Financial Folly Paperback – August 7, 2011
by Carmen M. Reinhart (Author), Kenneth S Rogoff (Author)