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To: IbJensen

I disagree. It’s going to take people like Warren Buffet who hopefully is able to pick up the pieces when even bigger firms crash in the coming depression.

The faster the Warren Buffet’s can act, the shorter the disruption will be. They will be making money but others will be losing big time so it all evens out. Thank God.

Vanderbilt’s in the 1930’s depression as an example.

But the day of reckoning is coming soon.


8 posted on 10/07/2013 3:34:41 PM PDT by Helotes
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To: Helotes
The faster the Warren Buffet’s can act, the shorter the disruption will be.

In this case that may be, but sometimes the people who make the money and act first can cause those behind them to mistakenly take similar action cause severe problems in the market. That said the Warren Buffets of the world will do a beter job making corrections than the government will.

Cyril M. Kornbluth did a great little short story on that called Dominoes.

11 posted on 10/07/2013 4:19:12 PM PDT by Idaho_Cowboy (Ride for the Brand. Joshua 24:15)
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