Friday, November 8, 2013

Keeping Your Sanity

Bill Fleckenstein wrote a column that I read regularly in the mid 2000's in which he often described how the easy credit in the mortgage industry was going to lead to a disaster. At the time, I thought he sounded like a perma bear. In 2008 he was proven absolutely right. Though less famous than others, who made hundreds of millions, he was right never the less. So when he writes about the next coming disaster I listen.