The Phaserl


Bubbles, Peaks & Valleys

by argentus maximus, TF Metals Report:

Here is a recent interview with Alan Greenspan: (you only need to hear up to 1:21)

First Mr Greenspan said there was no bubble,  now he is selling his book he says he “didn’t get it”. However, he did get Brooksley Born, who saw problems, fired. I advise readers to never forget that the qualifications which got this guy into his job are the same qualifications being used for selection of successors.

The case for physical metal investing at the moment relies upon the thesis that there is a financial bubble which when it ends will present those in charge with two choices.


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