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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (58473)4/18/2006 12:17:37 AM
From: booyaka   of 110194
 
it's interesting that Greenspan and the other idiots running our national monetary policy consider commodities to be in a Nasdaq-style bubble now. but as the recently released proceedings of 2000 show, they didn't consider the Nasdaq a bubble then.

They distinguish between good bubbles (i.e., ones that keep the game going for the time being) and bad bubbles. Good bubbles are "recognizable only in hindsight" (after all, millions of sophisticated investors can't be wrong, can they?). Bad bubbles pose a threat of unmasking the Maestro and therefore must be dealt with.
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