Friday, July 31, 2009

Irony

It's really fun to read financial articles from the first few years of this decade:

2006: Investing: How to recognize a bubble

I like his comment on housing construction, where he figured the bubble was already finished:

"Barring a full-blown consumer recession, something we see as unlikely, we see respite fundamentally for this sector."

I guess we should never ignore the possibility of a recession...

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