Mike i think this will in exclamation show why i was 'testy':)
You had said "you heard over the radio' Whereas i am on a crusade to awaken people to trust NOTHING you hear fom media in the U.S. regards financial truths, as it is Orwellian to the extreme. This post Heinz B, one the very best posters on SI when it comes to the facts, rather than the BS; uses the Buffet speech as an example for what i believe about our media.
<<speaking of Orwell, here is how the US press reports on a recent Buffett interview (headline: "Buffett bullish on stocks"):
money.cnn.com
the very SAME interview as reported in the British press (headline: "Buffett expects markets to get worse"):
timesonline.co.uk
as a final remark, it appears that we are living in increasingly interesting times, as they say in China.>>
the complete post << To:Searle Sennett who wrote (15659)
From: heinz blasnik Friday, Sep 27, 2002 6:32 PM
View Replies (2) | Respond to of 15673
total US credit market debt amounts to $30 trillion now. there is some double counting involved (since financial intermediaries inter alia borrow funds and re-lend them), but the total is nevertheless frighteningly high, and expanding, as you say, exponentially. exponential expansion is always indicative of a bubble, and the US credit bubble dwarfs anything seen before.
Greenspan's knighthood is probably a great contrary indicator w.r.t. the good chairman's future popularity.
when i heard he was going to be knighted for his 'contribution to global economic stability' i nearly fell off my chair. the biggest monetary inflationist in mankind's history a contributor to economic stability? it's positively Orwellian.
speaking of Orwell, here is how the US press reports on a recent Buffett interview (headline: "Buffett bullish on stocks"):
money.cnn.com
the very SAME interview as reported in the British press (headline: "Buffett expects markets to get worse"):
timesonline.co.uk
as a final remark, it appears that we are living in increasingly interesting times, as they say in China.>> |
