I like this site. I generally take what is known as a contraian approach to investing, hence my last post on a previous JE of yours. This is definitely good words of wisdom, found on that site:
1. Credit derivatives are the most likely cause of a future financial system crash. 2. No one can hedge the risks posed by asset deflation except by selling inflated assets. 3. October 1987 is the model for the next financial crash. 4. The larger the debt, the bigger the debt deflation. Expect a long, slow economic crash
Good thoughts here.... (Score:1)
This is definitely good words of wisdom, found on that site:
1. Credit derivatives are the most likely cause of a future financial system crash.
2. No one can hedge the risks posed by asset deflation except by selling inflated assets.
3. October 1987 is the model for the next financial crash.
4. The larger the debt, the bigger the debt deflation. Expect a long, slow economic crash