Its a place undefined in time, a location that no one would ever willingly travel to. Are we there yet? The answer is yes. But its going to take 7 to 8 years for the reality to sink in.
Tuesday, October 30, 2007
Jim Roger's Opinion of Helicopter Ben
Here is a seven minute video on Jim Rogers reflecting on the Grand Wizard Ben Bernanke. It's worth viewing. Notice when he says that housing is in more than a recession that suggests things are a lot more dicey than most people believe. The bottom to the RE market is a while away, so it gives one chance to ponder the effects of the next rate cut scheduled for tomorrow. Unfortunatly, IMHO, the last thing we need is a rate cut. Click here to view the video.
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2 comments:
very interesting.... BUT USD is printed using cotton, not trees :)
thanks and keep up this great blog!!!
Hi Anon
That's cute, I never thought of it that way. Here is a quote from Yahoo Answers
Currency paper is composed of 25% linen and 75% cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper
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