"By the time lending standards drop so that the masses have access to
credit, the boom is well underway. By the time credit is granted to anyone
that can fog a mirror, the boom is nearly over. Those buying assets late
in the game will eventually be crushed by those selling assets that got in
early." (Mike Shedlock, Daily Reckoning)
Discuss.
credit, the boom is well underway. By the time credit is granted to anyone
that can fog a mirror, the boom is nearly over. Those buying assets late
in the game will eventually be crushed by those selling assets that got in
early." (Mike Shedlock, Daily Reckoning)
Discuss.