In response to:

What Bubble?

Dorothy152 Wrote: May 07, 2013 12:49 PM
Find it hard to believe anything these days. We seem to live in a big bubble that limits us to finding out what is outside the bubble. Should we believe anything our government is telling us these days!

So the Federal Reserve officials create the speculative bubble in the dot-com era due to the accessibility of easy money and then look at each other with the “Louis of Casablanca” facial expression and say, “Were shocked — shocked at what is going on.” 

Of course, riding to the rescue was not the Lone Ranger and Tonto or even the cavalry; it was, of course, “the Maestro” Alan Greenspan, who created the bubble in the first place with the so-called simple solution of 1% interest rates.  Undeniably, the unusual length of time that interest rates were kept at this...