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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (78719)	5/5/2008 12:41:58 AM
From: prosperous	Respond to of 116555

"Warren Buffett's mistake is not comprehending the magnitude of the derivatives mess, the magnitude of the fallout of the housing bust, and the magnitude of the fallout of a global credit boom now going bust. The economic reality is that this is closer to 1929 as opposed to 1987. It's tough betting against Buffet, but I think Buffett is extremely early. This global credit bust is going to astound practically everyone, including the bears." Buffet's Guru Ben Graham, in spite of his investment genius, did not escape the pummeling from great depression. This can indeed be a huge revelation eventually to most folks after everything is said and done, specifically those betting on a quick recovery as against just calling it.

To: mishedlo who wrote (78719)	5/5/2008 12:54:15 PM
From: Lee	Respond to of 116555

Mish, You probably could have closed this blog... "The depth of the global credit crisis will astound everyone, including even me (as in you Mish)." Just saying the great unknown maybe just that, still. Lee