Here you have Professor Irving Fisher after the 1929 Market Crash explaining that stocks were not actually too high; it was just that people were going into debt in order to invest.  Right and wrong.  Stocks were too high and there was too much investment that involved debt.

And here we are eighty years later and we all know who took on too much debt in order to make bundles of money.  How come you didn’t you listen to Professor Fisher, financial wizards of Wall Street?  Perhaps because you were able to take the money and run?  (Or not even run.  Just wait for another bonus as the smoke cleared.)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.