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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (19360)10/4/2004 12:15:01 AM
From: ild  Respond to of 110194
 
Paying the Fiddler
An old proverb goes β€œHe that dances should always pay the fiddler.” That may be true, but for at least the past few years, an ever-growing stack of IOUs has been enough.
By John P. Hussman, Ph.D.
hussmanfunds.com

I like to think our shareholders are averse to having a cigar party in a house full of dynamite, regardless of the fact that nobody has dropped a match. Not that we're absent – you just won't find us in the middle of the room doing the Mambo with lampshades on our heads. We're the ones close to the exits, smoking Cuban stogies through full body armor, watching for sparks.