‘Yes this bond bull will end. But when? .. [Lacy Hunt] replied “a little over 20 years”.‘
– ‘..Long Bond..’, April 12, 2018
‘It’s the story of everyday life in the world of Haute Finance. Giant Ponzi schemes are being built on a narrow base of real money, and huge sums of borrowed money. The inherent instability of these schemes means that the threat of financial meltdown is comparable to the threat posed by the melting Arctic.’
‘A decade ago, whenever I chatted to anyone at Switzerland’s Bank for International Settlements, I felt like I was hobnobbing with dissidents .. Earlier this month I travelled to Washington for an International Monetary Fund and World Bank meeting. There was a cheery mood in the air, just as there was in 2006… But now, just as before, those BIS dissidents are muttering in the wings. At the IMF gala, Borio (still at the BIS) told me that the pesky matter of debt has not disappeared. On the contrary, since the 2008 credit crisis, it has risen sharply: the level of global debt to gross domestic product is now 40% — yes, 40% — higher than it was in 2008. The world has responded to a crisis caused by excess leverage by piling on more, not less, debt.’
‘A good constitution is infinitely better than the best despot.’
– Thomas Babington Macaulay, Milton
In this world we’re just beginning
To understand the miracle of living
Baby, I was afraid before
But I’m not afraid anymore
“In Buddhism they have a phrase that I read to my students almost every class. ‘The thought manifests the word. The word manifests the deed. The deed develops into habit. And the habit hardens into character. So watch the thought and its ways with care and let it be born out of love and respect for all beings.'”
It was very nice to read the title LPPFusion achieves minimum goal of $400 K.
Cyc; ‘Sir, great change is coming.’
There was this song..
Can you hear me?
Can you see?
Don’t you hear me?
Don’t you see?
‘Remarkably, however, when valuations actually reach those obscene bubble extremes, investors seem to assume that the bubble valuations will persist indefinitely, and will never, ever, revisit their historical norms again..’