Sorry to say so when your down, but I told you so. More than a year ago I warned in writing that we were about to enter the most ravaging economic jolt in our lifetimes. We are all the victims of what analyst Chuck Collins, writing in the Nation Magazine, has succinctly called the “Casino Economy of Get Rich Quick.”
Bubbles always burst. Dotcoms did. Housing did. Even the next bubble, the Green Bubble, will inevitably burst. Bubbles are born of irrational exuberance. Big fads are follies. They leave those late to the game in a world of hurt.
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