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Pittsburg, Kansas | That is about as good of short explanation as there is.
Strange how all of what Hussman says would have been mainstream and common sense a generation ago. Now it is all "models" that fail again and again yet still are followed.
A generation from now people will just shake their head in disbelief and view the current bunch of planners and schemers right along with the tulip mania, South Sea Bubble, and other financial debacles of history.
Thanks for the post and Hussman's quote.
John
Edited by John Burns 10/21/2015 09:58
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2008 meltdown/bailout/credit
