History Rhyming?
May 31st, 2008 by 
reality
It is said that “history doesn’t repeat, but it rhymes.” Looking at some of the rhyming couplets between 1929 and 2008:
- Real estate bubble that collapsed beginning about two years ago
- Collapsing credit bubble, high levels of debt and “financial innovation”
- High levels of credit losses, banks tightening lending policies
- Economy sliding into recession, but stock market diverging
- Similar extreme income inequality between rich and poor
Posted in Strategy & Scenarios, The Economy | 
May 31st, 2008 at 2:48 pm
And don’t forget, in both cases the country was ruled by retarded rent-seeking provincials, aka Republicans.