Really, when the election turnover cycle is down to two years, why shouldn’t the investment stupidity cycle be correspondingly shortened?

Let’s see: the Fed is increasing liquidity, credit standards are being relaxed, insiders are creating special deals, soon the public will respond to them seeking higher yields [and special treatment]. Somewhere in the chaos that is my office I have an outline I created from Charles Kindleberger’s books, but I believe we are hitting all the points.

Good to see you blogging again.