The dumb money is fairly easy to spot. It’s the money that always shows up late to the party, wearing yesterday’s fashions. It watches TV and thinks the reality shows show reality…it thinks Ben Bernanke is a great economist…that the SEC protects investors from fraud and misrepresentation…
June 10th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "housing slump"
The Housing Slump Has Fattened the Inventory of Unsold Homes
Talk about the rich getting poorer! Just look what’s happening to those million-dollar McMansions out in the deserts of the USA…
April 15th, 2008 | Bill Bonner | 3 comments | Continued