Irrational Exuberance?

Discussion in 'Political Opinions & Beliefs' started by JIMV, Sep 15, 2011.

  1. JIMV

    JIMV Well-Known Member Past Donor

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    Today we see, at a glance the following BIG news stories, all bad, about the economy

    http://finance.yahoo.com/news/Mortgage-default-warnings-apf-157937671.html

    http://www.cnbc.com/id/44532025

    http://finance.yahoo.com/news/Consumers-paid-more-on-wide-apf-87741826.html?x=0&.v=2

    http://finance.yahoo.com/news/Lagarde-urges-unified-action-apf-3478141842.html?x=0&.v=3

    And yet the Markets are UP...this makes no sense? The phrase 'irrational exuberance' leaps to mind.

    In fact, the only news I have read that does make a perverse sense is...

    http://losangeles.cbslocal.com/2011...ction-on-post-apocalyptic-underground-bunker/

    Who are more loony, the porn folk preparing for the worst or the Congress and BoBo making that disaster possible?

    Just asking
     

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