Replies to post #327148 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi hightecheast: I've read some of JKB's books. I like and respect the fellow. But he's too tall, six-nine when he doesn't slouch. His mother kept hollering, "John Kenneth, don't slouuch!" But did he listen? Nope. And he kept bumping into ceilings, door frames and tall Radcliffe girls. He IS internationally renowned and bumps into ceilings, door frames and tall Radcliff girls in many countries. Sadly, [though brilliant and absolutely right about mass-insanity] he doesn't trade. He should try it; he could sit down and never bump into anything...well maybe the markets and the MM's.

[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.