The Oil Drum: Europe | Financial bubble - who will say that the emperor is naked?

143 comments on Financial bubble - who will say that the emperor is naked?

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suyog on May 20, 2007 - 3:53pm

I agree that it will come to an end. But my point is that no one knows when. Take it from someone who has lost a lot of money on put options.

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davebygolly on May 20, 2007 - 11:10pm

But my point is that no one knows when.

Correction: no one knows exactly when. But we know it ain't gonna be ten years from now, and it almost certainly won't be five, and it is very unlikely to be three, and it's unlikely to be two, and it may not be even one, and it just could be very soon, and there's a chance it could be very, very soon.

Credentials? I've been predicting the coming collapse since 1959. A lesser person would have lost all self-confidence.

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ThatsItImout on May 21, 2007 - 1:55am

"Credentials? I've been predicting the coming collapse since 1959. A lesser person would have lost all self-confidence."

Dave, you think your good, I've predicted 6 of the last 4 recessions!
That's 150% accuracy! Well, by my math anyway....:-)

RC
Remember, we are only one cubic mile from freedom

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Vintermann on May 21, 2007 - 4:38am

One blog I'd like to recommend to both you and Jerome is interfluidity, the weblog of Steve Randy Waldman. It seems to me he is among the most pessimistic of the really good econ-bloggers (leaving out Jerome for a moment!) He's written a lot of insightful articles on shorting, and troubles with our current market mechanisms, derivative markets in particular.

Here's one he wrote on the ethics of shorting:
http://www.interfluidity.com/posts/1143383914.shtml

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