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Old 06-05-11, 08:49 PM   #4
Tchocky
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Ah yes, bond traders and financial "legends". These people know what they're talking about. Especially regarding what is and is not a housing boom.

It's a shame they were all on holidays for 2001-08, we could have used this insight to avoid that horrid Lehman/AIG/subprime thing that somehow happened suddenly out of a clear blue sky.

A clear-headed rational piece of economic writing is not required to use the word "Armageddon" straight out of the gate or use the phrase "Ponzi scheme" so many times that I'm sure the author has a macro for it.
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