Thursday, September 18, 2008

I warned you

I've been warning Saipan Tribune readers for years that the U.S. financial bubble would eventually bring weirdness to markets.

Post script: A bailed-out bubble is still a bubble. The economic underpinnings of distorted capital allocation don't magically disappear. Joe Six-Pack is happy that stock prices have zoomed up at the end of the week, but he doesn't know who the rube is yet.