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17 years ago

Nice, everybody is at the
Nice, everybody is at the high rollers blackjack table making a $5000 bet with a $100 bill saying no problems my friends have me covered.

Of course, all his friends are doing the same thing.

17 years ago

Kind of reminds me of the
Kind of reminds me of the atmosphere leading up to the great depression (so the historians say).

17 years ago

If it were just lower risk
If it were just lower risk aversion how does one explain the persistent low yields of riskless bonds and the low real yield as measured by TIPS yield? Around the 1999-2000 bubble, these riskless instruments were yielding high, suggesting a true reduction in risk aversion. Now that explanation probably has more to do with liquidity. People who need performance (say pension fund managers) don’t have much choice but to chase returns in a market flush with liquidity.

17 years ago
Reply to  Anonymous

my wife and I are new here,
my wife and I are new here, so we are always meeting people. It always seems like everyone we meet has nice cars or nice housses. We always ask ourselves,”is everyone here doing better than us?” I would think not. We have a paid off car, and bought the other used, and are working on paying that car off as soon as possible. We frown on debt, and do not carry anything on credit cards. We have to remind ourselves of that sometimes 🙂