QUOTE OF THE DAY On the housing market crash of 2008: [Central Bank-enabled] investment booms reinforce destructive behaviors, not least of which is compulsive gambling. By the end, few are willing to leave the casino until they bet their last chip. Faculties that enable objective analysis and synthesis of new information atrophy. This is precisely the time to grab hold of one’s senses, part ways with the crowd, and pay close attention to the speculative canaries that are dropping like flies. - Kevin Duffy of Bearing Asset Management.
Posted on: Sat, 19 Apr 2014 18:36:10 +0000