European Tribune - Comments - So they all knew it was a bubble, now?

So they all knew it was a bubble, now? | 119 comments (119 topical, 0 editorial, 0 hidden)

The problem is not so much the derivatives market (4.00 / 9)

as it is the tinhgs that I have outlined:

the ideology of greed;
the idea that only financial valuations give worth to anything
the notion that wage inflation is bad but not asset price inflation
the shockingly lax monetary policy of the past decade
the cheerleading by politicians of finance as the new engine of growth and wealth creation
the unraveling of existing regulations (like Glass-Steagall)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Aug 17th, 2007 at 01:20:21 AM EST
[ Parent ]

Re: The problem is not so much the derivatives mar (none / 1)

I know that, it was just a case in point.

you are the media you consume.

by MillMan (millguy at gmail) on Fri Aug 17th, 2007 at 01:09:21 PM EST
[ Parent ]

So they all knew it was a bubble, now? | 119 comments (119 topical, 0 editorial, 0 hidden)

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