http://www.safehaven.com/showarticle.cfm?id=1264
I posted this when it first came out. I felt at this time with so much rampant bullishness I would revisit it for a slap of reality.
Bulls plurality for 2 running years (has that ever been done?) years ending in 5, Greenspan the man etc.
SEE what was present in 1920 and 1980? LITTLE DEBT. ROOM FOR CREDIT EXPANSION!
Then what? a TOP and credit CONTRACTION.
SEE where we are now?
Duratek
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