Forget Greece. Forget Italy. Forget “Occupy Wall Street.” The really ominous news right now? China. China has the mother of all housing and credit bubbles, and they appear to be on the verge of bursting. Pretend Obama is standing next to you giving a 5-hour speech with a bullhorn and put your fingers in your ears as far as they will go – when they burst, it’s not gonna be pretty.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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