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

Copyright Notice

Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

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.


Suzan 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?


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.