Also, Andy Kessler spotted this weeks ago in The Bernanke Market
Also, Andy Kessler spotted this weeks ago in The Bernanke Market
Andy Kessler is sharp as a whip. His analysis on stuff is usually outstanding.
He nailed it on Worldcomm and I saw it as it was happening. The fools at Worldcomm/MCI were charging a premium for their internet backbone at the time and it was a commoddity. This allowed investment banks to sell junk bonds to anyone who wanted to build a fiber optic network.