Posted on 10/09/2014 7:01:06 AM PDT by blam
Myles Udland
October 9, 2014
Uber-bear Albert Edwards, a strategist at Societe Generale, is out with a new note to clients about market tops and expensive baskets.
Edwards highlights the following comment from this weekend's Financial Times that said the following:
Sir: The next financial apocalypse is imminent. I know this to be true because the (FT Weekend) House and Home section is now assuming the epic proportions last seen before the great crash. Twenty four pages chock full of adverts for mansions and wicker tea trays for $1,000. You’re all mad.
Sell everything and run for your lives.
(snip)
(Excerpt) Read more at businessinsider.com ...
“Sell everything and run for your lives.”
Now, now, Blam. Don’t be fomenting a panic, LOL!
I’ll be in my bunker, packing shotgun shells if you need me. :)
Candy is dandy, but wicker is quicker...
A comment below the article:
“And they thought degrees in basket weaving would never pay off”.
I got a bed and bath catalog last weekend that had pillows on sale. For a king sized, ‘eiderdown’ pillow with silk cover, the price was over $7,000. Seven thousand dollars for a pillow. And that was the SALE price.
You've made Mr. Nash smile or roll; not sure which.
I have some OLD socks I could sell...
“I’ll take, ‘Wicker for One Thousand,’ Alex!” :)
They don't even send those catalogs to my zip code.
Probably sell okay in Horseshoe Bay but who else could afford it?
I wish I had that problem.
Guns, bullets and beans, worth much more than their weight in gold.
Wish I were exaggerating, or being sarcastic but when you add it all up...
Wait two weeks—it’ll $19.95. “Or wait! If you act now, we’ll send you two for the price of $19.95.”
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