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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (21220)1/13/2005 10:46:55 AM
From: Knighty Tin  Read Replies (1) of 116555
 
Ferguson's fallacies are many, but one he ignores is when he mentions the Central Bank pitting its judgement vs. that of thousands of pro investors. That is a straw dog and not the problem. Nobody is even asking them to pop the bubble. Just don't be the supplier of helium for expanding it. If investors had to use their own capital, then wild enthusiasms would never build into bubbles. But when credit is super easy, they misallocate its use enormously.
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