Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

Not sure I buy his mass insanity thesis entirely. Who says we can't run massive federal deficits, massive current account deficits, massive consumer indebtedness, continually dropping dollar, continually rising stock markets. After all we have been and are doing so.

There may indeed be a day of reckoning. But the history that this guy speaks of says when. Things have to get completely out of whack, just gonzo, omigod, this is totally nuts out of whack. Then a catalyst knocks the card house down. I don't believe we are anywhere near that situation now. But, to echo the slogan on American currency, "IN STOP LOSSES WE TRUST." Not going to get caught on the downside of another bubble.