Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Saturday, March 27, 2010

Hmmmm . . .

Every new thing I learn about the 20's makes me even more pessimistic than I have been about our near to medium term future.

That's right, kids - I have been growing ever more pessimistic for the greatest part of a decade.

Here is information on Sophisticated Financial Securitization, back in the 20's.

So, once again, we are SO screwed.
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2 comments:

Cirze said...

Thanks for the reference.

I've been documenting the 20's financial history in a desultory fashion for years now hoping that other blogs would pick up on it and help get the word out to the vasty unread.

It puts a fine point on the argument, don't you think?

S

March 27, 2010 at 4:00 PM
Jazzbumpa said...

Yup. I've only been at it pretty recently. The parallels are not exact of course, but there are enough of them to make it very scary.

Thanx,
JzB

March 27, 2010 at 10:34 PM

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