The only thing nearly as enlightening as reading David Collum’s epic Year In Review is listening to him and Chris Martenson riff about its highlights.
Strap in, grab some eggnog, and listen to this year’s recap:
Everyone thinks the markets are now correcting. But compared to the size of the correction I think both you and I expect, this is just a drop in the bucket. This is merely the vibrating puddle in Jurassic Park. This is not the big one.
What’s amazing is this recent romp, which has lasted now almost 10 years, is the only gigantic bubble that I’m aware of in which the storyline behind it is just complete garbage.
Every other bubble, like the Tech bubble — well, tech is amazing. The 1920’s bubble — wow, we just invented electric power and cars and planes. There’s always a great, great story.
This particular bubble in which we have had for 10 years is central banks are going to print money to cover our backs.
That’s the stupidest Goddam plotline I can ever imagine.
Click the play button below to listen to Chris’ interview with David Collum (87m:25s).
To read video transcript, click here