END OF PHASE I ?

08 October 2008

Shared Pain but Vindication

 In the last few years and until recently, many clients and readers accused me of raining on the parade of a buoyant market with periodic but repeated warnings about impending problems. Indeed, I had become increasingly suspicious of the ongoing, credit-financed economic boom and stubborn financial markets complacency. My views could be exemplified by quotes from a May 14, 2007 paper The Boys Who Cried Wolf. ”

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François Sicart 
8 Oct 2008