Saturday, August 02, 2014

Quote of the Day

The Captain of Capitalism warns, again, of the bubble:
Now, I know, I know.  I'm just a party pooper.

I was a party pooper before the Asian currency crisis.
I was a party pooper before the Dotcom crash.
I was a party pooper before the housing bubble
And I was a party pooper before the education bubble.

My question is simply this.

For all of you who got angry at people who said stocks were overvalued in 1999, that housing was overvalued in 2006, and that liberal arts degrees were worthless in 2009 (and there most certainly were VICIOUSLY and FURIOUSLY angry people I had to contend with back then) were the subsequent crashes and economic recessions worth it?
Click Over to read his full post on investing.


Robert What? said...

Is your point that he is probably right on the money, or that you think he is being an alarmist?

Karl said...

Just suggesting you go read his full post if you find these statements interesting.

I think he brings sharp, intelligent and welcome opinions to the discussion about a coming economic collapse in the US.