When you step back and take a look, all these bubbles were really just low-interest-rate-enabled hot-money speculative hedge-fund driven attacks.
First they went after the dot-com stocks. That was pretty fun.
Then they moved on to real estate and houses. You know how that turned out.
Then they moved onto gold, silver and the metals, and artwork and Euros too. And oh, that was quite the party.
After that, it was food - corn, wheat, soybeans, rice, etc. Which of course is leading to starvation and death and soaring food prices.
And then finally, they went after the oil. Black gold. Which of course is disrupting commerce worldwide and putting an "oil tax" on billions around the globe.
So what's next? Is there ANYTHING that hasn't been attacked yet by these locusts? Is there ANYTHING still in their way?
Maybe baseball cards? Cocoa Puffs? Zebras? Electricity?
May 31, 2008
It was all fun & games when hot money hedge fund speculators jacked up home prices via unregulated lending. But now, the fun's over, as people starve
Posted by blogger at 5/31/2008