Yes, that is what it is… a credit bubble that is deflating. The tide is going out, as Warren Buffett puts it. Now we see who’s been swimming naked. Not a pretty sight. So ugly, in fact, that people can’t stand to look.
March 13th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Warren Buffett"
Conflicting Forces Acting Upon the Stock Market
Stock prices in the ’70s, for example, tended to bear up or fall a little. In real terms, however, they fell a lot. We seem to be coming upon a similar situation now – popularly known as stagflation. The economy is sinking… while inflation pushes up consumer prices.
March 4th, 2008 | Bill Bonner | 0 comments | Continued
