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Friday December 15, 2017

Quote of the Day

“Success is a lousy teacher, it seduces smart people into thinking they can’t lose” – Bill Gates

Richard's Thoughts: A Bubble is a Bubble, & Sooner or Later Every Bubble Bursts

Richard's Comments

 

Yesterday, I wrote about the giant credit bubble that we have all "enjoyed" since the end of World War II, and especially since the 2008 financial crisis.

 

I can't get the credit bubble out of my mind. I see it everywhere, on store signs, in bank windows, on TV, in flyers on windshields. It's ubiquitous and drilled into the conscious and unconscious minds of almost everyone on earth.

 

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