Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

Showing posts with label credit bubble. Show all posts
Showing posts with label credit bubble. Show all posts
15 March 2013

Greenspan: No Irrational Exuberance, Stocks 'Undervalued' - The Rake's Progress

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  “I recognise that there is a stock market bubble problem at this point , and I agree with Governor Lindsey that this is a problem that we ...
27 February 2012

Performance of Stocks, Bonds, and Gold In an Inflationary Environment

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Jeremy Grantham's GMO group has produced an interesting study showing the performance of three asset classes against inflation. I th...
03 April 2009

The Credit Bubble Was a Ponzi Scheme Enabled by the US Dollar

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They say a picture is worth a thousand words. Here is a picture of the US credit bubble, with the deleveraging which has just begun. It is/w...

Pictures From a Monetary Bubble

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Credit bubbles are very much like pyramid, or Ponzi, schemes. The middle class is particularly hard hit as they exchange their remaining rea...
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