WELL, I KNEW IT WOULD BE BAD...
BUT IN MY WILDEST IMAGINATION I DIDN'T THINK IT WOULD BE THIS BAD...
BUT THEN WE HAVE NOT REALLY HAD "THE PURGE".... THE REAL CREATIVE DESTRUCTION THAT IS NEEDED TO FLUSH THE SYSTEM...
OF COURSE I DIDN'T LIVE THROUGH 1929...BUT THIS MAY BE WORSE...
WHY?
WELL BECAUSE THE CENTRAL BANK...PROTECTED THE BUBBLES FOR SO LONG.
NOTHING BAD WAS ALLOWED TO HAPPEN...AND THE BRATS ON WALL STREET KEPT GETTING BOLDER AND BOLDER...UNTIL RISK WAS REDUCED TO NOTHING...
AFTER ALL BIG DADDY...FED...WILL BAIL US OUT...!
NO MORAL HAZARD...HAS NOW PUT THE ENTIRE SYSTEM AT RISK...
MY HUNCH IS THAT THERE IS A 90% GIVE BACK OF EVERYTHING SINCE 1982...WHEN THIS THING STARTED...
DOW 5000 IS VERY POSSIBLE...OF COURSE THAT WILL BE IN DEVALVED 2008 DOLLARS THOUGH!!
