Use access key #2 to skip to page content.

Six Degrees of Leverage Updated



February 27, 2008 – Comments (1)

I wrote a series in December that I had to break up into six different parts, so it is incredibly long, but I think important to look at.  This is my original work, I haven't seen anyone write about this, or think through how lowering interest rates stimulated the economy at the same time was putting an irrecoverable choke hold onto it.

Anyway, I did some editing, although I was very tired of editing by the end, and I redid the series into a single post. 

Six Degrees of Leverage 

1 Comments – Post Your Own

#1) On February 28, 2008 at 12:52 AM, dwot (29.15) wrote:


"This is worse than the S&L crisis. This is the first time - this is the worst credit bubble we've ever had in American history. No - ever in American history have people been able to buy a house with no money down, never. That's never happened anytime in the world. So, we have the worst credit bubble. It's going to take a long time to work its way out. You don't cure a bubble in five or six months... It takes five or six years."

Jim Rogers, November 6, 2007 (Bloomberg interview with Kathleen Hays)

Report this comment

Featured Broker Partners