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Re: The Three Ds: Delegitimization, Definancialization, Deglobalization

By: lkorrow in ROUND | Recommend this post (0)
Tue, 05 Jul 11 9:51 PM | 115 view(s)
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Msg. 33751 of 45510
(This msg. is a reply to 33736 by clo)

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Clo, from one bubble to the next . . .

plastic and speed . . .
. . . and cell phones!




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Re: The Three Ds: Delegitimization, Definancialization, Deglobalization
By: clo
in ROUND
Mon, 04 Jul 11 3:50 PM
Msg. 33736 of 45510

fizzy,

IMO, the abusive distribution & use of credit cards created the Ponzi scheme that has harmed the economy.

I might include the speed that computers have added with regard to the stock market. Trades are made in a nano second, adding to the volatility.

"Plastic" & "speed", folks thought they would make life better.... not in my eyes. clo


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