This is another old video clip from Wallstrip.com … via youtube of course
Great line: people believe in free markets as long as they go up -- as soon as there is a drop, they cry to the government for more intervention when they go down
I’m a real fan of his blog -- The Big Picture -- link in the blog roll. His take in 12/07 was that the economy was worse than most people think and that the markets could get “appreciably worse”.
Pretty much right on
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