tag:blogger.com,1999:blog-11906042.post7461764473956367332..comments2024-03-22T11:55:50.335+13:00Comments on Not PC: If this isn’t the start of the crisis, just imagine how bad the real crisis is going to bePeter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11906042.post-61721704275480154692016-01-22T11:47:28.758+13:002016-01-22T11:47:28.758+13:00Anybody (ahem) who has been shorting everything in...Anybody (ahem) who has been shorting everything in sight for the last 2 months must be their hands together with delight.<br /><br />I think there are a lot of people trying to talk things up - Boone Pickens, the oil trader, talking about $70 a barrel by May being a glaring example - and so it is understandable many people are confused.<br /><br />If you look at the fundamentals (ie: yields on real estate and bonds, PE ratios on shares) you see how grossly overvalued everything actually is.<br /><br />The best thing about a crash and resulting Great Depression will be putting the ghastly lower middle class types in their place; the 'Charlene' and 'Trevor' brigade who have been speculating in real estate recently will get their comeuppance for two or three generations just like the shoeshine boys buying shares in 1929 got a dose of reality (their place in the pecking order-wise).Mr Lineberrynoreply@blogger.com