From: John Hemington
Well folks, it might be time to become somewhat wary – not about the state of politics in Washington (although that's worth worrying about), but about the economic situation in the nation and the world. For eight years now we have been riding the crest of a wave of an ever accelerating asset bubble which can't possibility continue forever. And, as economist Herbert Stein once said, 'what can't continue won't continue. The attached article tracks the proverbial canary in the in the economic coal mine. There's student debt, auto-loan debt, credit card debt, mortgage debt and now securities-based loans, or SBLs, being fobbed off on unsuspecting investors as a benefit. This is not a healthy sign . . . read on McDuff!
John
Posts
No comments:
Post a Comment