Sunday, November 22nd, 2009

Posts Tagged ‘ Dick Fuld ’

Welcome to the Financial Whirlpool

Oct 13th, 2008 | By Bill Bonner | Category: Politics & Economics

“It is not just a few investment decisions that are being corrected, it’s the delusions of an entire generation.” says Bill Bonner in The Daily Reckoning. What’s happening is “a huge anti-bubble is forming … a financial whirlpool marked by exaggerated thrift, debt destruction and sweaty-palmed investors.”