Posted by SaxxonWoods to bruinbirdman
Two more bubble bursts (gold,Euro) predicted here:
On News/Activism 11/01/2007 4:17:04 PM MDT · 2 of 5
I think central banks are catching enough flack without deciding what is bubbling and how to prick it.
Three current bubbles: Oil, gold, Euro.
Central banks, hands off.
I think we are in a period of irrational non-exuberance
It's definitely a period non-exuberance, but I'm not sure just how irrational it is.
There's a lot of instability in the major oil-producing region of the world, if you hadn't noticed. Pretty soon the west's hand is going to be forced regarding the decision about whether Iran is going to be allowed to get the bomb or not.
Nope, this wild ride we're on isn't over by a long shot.