From easy money in Wall Street banking to easy money in Main Street America real estate, the country has been seduced. We now live with the ensuing mess that was begat. I read a comment that talked about the free lunch syndrome, written by a certain “morph366″ on a Seeking Alpha article by another author. I now know that commenter personally as Clive Corcoran, a London private equity manager. At the time this article was written, though, he was known to me only by his pseudonym, taken from the name of his personal blog site.
This article was originally published about five months ago, but I think that with what has unfolded since, it has even greater significance today. The structural problems in our economic theories, financial systems and our individual situations continue to be revealed. Read the entire article at Seeking Alpha.
http://seekingalpha.com/article/131580-the-seduction-of-america
September 23, 2009 at 7:33 pm |
I don’t know If I said it already but …Hey good stuff…keep up the good work!
I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks,)
A definite great read..Tony Brown
September 30, 2009 at 9:19 am |
Really nice posts. I will be checking back here regularly.