Jesse's Café Américain

"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535

Showing posts with label bubbles. Show all posts
Showing posts with label bubbles. Show all posts
28 February 2009

The Bubble In US Treasuries and Its Implications

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The Treasury bubble is likely to be much less destructive than the Internet and Housing Bubbles. The bubble in the US dollar, however, if on...
13 February 2009

The Next Bubble to Implode: Commercial Real Estate

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Cartoon courtesy of Giovanni Fontana
31 December 2008

The Fuel for a Speculative Rally but Not a Recovery

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At some point we may stop confusing asset bubbles with economic growth. In the meantime, we might expect the shallow and immature stewardshi...
31 October 2008

Avoiding a Great Depression: Rescue, Rebalance, Reform

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The 1920's were marked by a credit expansion, a significant growth in consumer debt, the creation of asset bubbles, and the proliferatio...
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