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


To: John Vosilla who wrote (71205)10/6/2006 8:14:14 PM
From: bart13  Respond to of 110194
 

Sounds like we add more fuel to the fire long term keeping the misallocation of capital and overvalued assets at extended multiples alive since attempting to do this would make the 70's look like a walk in the park the next cycle..


That's part of my read too, and there are possible similarities to the early '80s recessions as well as the RTC/S&L crud in the '90s - and then there's also LTCM and the Asian crisis etc. too.