The Ultimate Bubble?
vanityfair.com
The Ultimate Bubble?
1–7 of 7 posts
Re: The Ultimate Bubble?
#2This article is dated February 2009. It's still 2008. Print is so messed up...
Re: The Ultimate Bubble?
#3US long-term treasuries are the ultimate bubble. When that one pops, history will be decided.
Re: The Ultimate Bubble?
#4This article is dated February 2009. It's still 2008. Print is so messed up...
Everybody wants to live in the future.
IIRC when a magazine has "February 2009" on the cover, it really means "take this off the newsstand by March 2009".
Re: The Ultimate Bubble?
#5Why would the investors of P.E. continue to give up 2% in a deflationary environment when it could be year before the markets rise again?
Re: The Ultimate Bubble?
#6Why would the investors of P.E. continue to give up 2% in a deflationary environment when it could be year before the markets rise again?
The impression I got from the article is no new money is being pledged; PE firms are just calling in previous investments.
Those investors (like homeowners and the occasional VC limited partner) could default on their pledges, but that might prove even more costly -- in reputation, in loss of their other monies already stuck at the PE firm, etc.
Re: The Ultimate Bubble?
#7US long-term treasuries are the ultimate bubble. When that one pops, history will be decided.
thank you for writing my comment for me. it is worth noting that the US dollar bubble (which is the generalized case since the death of treasury notes implies the death of the dollar) contains many huge independent ponzi schemes, the most significant is the $50 trillion social security pyramid scheme. lets not forget the $20 trillion medicare pyramid scheme, or the $15 trillion or so due by 2015 for iraq, afghanistan, and the bailouts. and how much of the global derivative pyramid of ONE QUADRILLION is valued in US dollar?
there is no way these schemes can be unwound gracefully. when the US dollar goes, THE US GOES. no US dollar == no USA.
USA gone by 2025 at the latest.