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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: glenn_a who wrote (20461)10/23/2004 1:03:45 PM
From: orkrious   of 110194
 
I'd be very interested on your thoughts on the book as you read it, or after you are finished.

One of the best analogies I've ever read - towards the end of the introduction:

We can look at a roadmap and say that if we are headed eastbound on Interstate 10 in southeastern New Mexico, then the next major city is El Paso. In the same way, we can look at a map of how the world works, determine our position and direction, and know what is likely to come next. One obstacle that must be overcome, however, is the inherent unwillingness of the human race to honestly admit where they really are. It is useless, while sitting in Chicago, to start driving east with a wishful expectation of getting to El Paso. And yet, millions of Americans are doing just that when they insist that the United States is a great and free nation; that it didn't do anything wrong; that its economy is the best, the healthiest, and the cleanest in the world; and that it never victimizes other nations.
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