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.

2 comments:

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?

S

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