As we pointed out last week, the newspaper headlines may be negative, but sentiment is not. Most people think this is a good time to buy a house – meaning, they still think ‘you can’t go wrong in property.’
April 22nd, 2008 | Bill Bonner | 16 comments | ContinuedAll Posts Tagged With: "New Economy"
New Economy: The Modern 1930′s
The modern 1930s are the logical consequence of the “New Economy” of the past decade, just as the original was a logical consequence of the “Roaring Twenties.” In each case, technology and leverage combined to create a potent but ultimately poisonous brew of wildly inflated asset prices. In essence, greedy CEOs (and investment managers) said, “we brought you the new economy, please cash us out now.”
March 27th, 2008 | Tom Au | 6 comments | Continued
