The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: Jim McMannis who wrote (86763)	9/22/2007 12:56:53 PM
From: Lazarus_Long	of 110194

Yes indeed. Since most on SI aren't old enough to see that or too political... they tend to concentrate on just the last 7 years. Yes indeed! And a bubble feels great while you're in it. But all bubbles burst. And when they do... This one got transferred from the stock market to the RE market via the Fed, the repeal of Glass-Steagall, and the loan finance companies. So it continued in a different form for another 6 years. But it's over now and the hangover from the party is coming. God pity the next President, regardless of who wins. One term and out in disgrace, I think.

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