Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: riversides who wrote (108272)	2/13/2010 6:29:36 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 116555

RE:"why these bums didn't try to stand up and clap when they were in control....?" Because everybody was real estate rich. No one wanted to flush the punch bowl. It takes a guts to pull the plug in advance. Americans don't have it. Australia and Germany are better at it but even they drank from the punch bowl. I remember Greenspan's irrational exuberance comment when the down was about 7-8k in the 90's. He could see it coming but was blasted for being a killjoy.