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Friday, October 24. 2008

A monetary mess

From the WSJ, another bubble bursts. A good thing for all, but only in the long run. Nasty in the short run. If you want stocks to only go up and up and up, you should not buy them. (link fixed)

The upside is that good things are relatively cheap, now. But the "Are you better off..." thing doesn't work right now politically, when bubbles are finally popping.

Posted by Bird Dog in Hot News & Misc. Short Subjects at 10:47 | Comment (1) | Trackbacks (0)

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It all started with the Beanie Babies, you know. Stratospheric prices for cheap bean bags. Fortunes were built on them. As that market started to collapse, the money ran to the dot coms. Stratospheric prices for companies that didn't need no "brick and mortar" in the "new economy". As that market started to collapse, the money ran to real estate. Stratospheric prices for condos in Ft. Myers. Nobody to live in them. Thus to commodities and here we are today. All because of the damn Beanie Babies. But I think the economy can be saved if everyone invests in 1966 Rangoon Red Mustang convertibles with 2bbl 289 V8s. Come on, let's all start a new bubble! Who's with me?
#1 KRW on 2008-10-24 20:09 (Reply)

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