Feb 28, 2008

Doug Wakefield on the fate of current financial bubbles (2007)

Our parabolic spikes, of late, are nothing more than the effect of the unsustainable inflationary policies of central banks coupled with man's innate inclination to go with the crowd in hopes that he will win. What matters, then, is this: If history proves that all bubbles eventually implode, this should properly motivate us to search for the end of our current trend.

Doug Wakefield, Best Minds Inc., October 17, 2007

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