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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Metacomet who wrote (112047)10/16/2008 7:40:15 PM
From: Wyätt Gwyön6 Recommendations  Read Replies (1) of 206176
 
those kinds of simplistic arguments might convince politicians, econ professors and other financial ignoramuses, but they don't fly on SI. the swings shown are due to the corresponding asset bubbles, not the corresponding administrations. presidents are just along for the ride.

here we have S&L bubble unwind, tech bubble, tech bubble unwind, housing/credit bubble, and housing/credit bubble unwind. problem is, i don't think they can blow any more bubbles in the near future. BO will probably face double-digit unenjoyment rates for a good portion of his term(s).

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