Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (38924)	9/28/2003 8:09:58 PM
From: Canuck Dave	Read Replies (1) of 74559

KC, you follow Doug Noland's credit bubble bulletins on Prudent Bear? He keeps making one very good point (I think he reiterated it in last week's edition) that it is the nature of credit driven bubbles to look like everything is just fine until it isn't. In other words, you can look at the graphs, the trends, and the predictions, and conclude, yes, Greenspan and Bush are doing great jobs and the turnaround is for real. Then one day, "something" happens to reveal it's just a house of cards. Cue the rush to the exits, and the monster deflates. CD

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