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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: zebra4o18/4/2007 12:09:47 AM
   of 110194
 
Sobering words from Doug Noland

I apologize for appearing overly dramatic. But this evening I have feelings that for me recall the disturbing emotions following the terrible 9/11 tragedy. I know the world has changed and changed for the worse – yet I recognize that I don’t know how and to what extent. I fear for our markets, our economy, our currency and our system. I received an email this week on my Bloomberg that said something to the effect, “You all must be happy in Dallas.” I can tell you we’re instead sickened by what has transpired during the late- stages of this senseless Credit and specualtive orgy. The Great Credit Bubble has been pierced, and there will now be a very, very heavy price to pay. And, as always, I hope I am proved absolutely wrong.

prudentbear.com
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