My Judgement Is Not Good When I

All Of A Sudden The Market Is All About Algos And Routers.

There Has Been This - And It's Reflected In The Broadcasts - This Moronic Use Of Statistics. Which Has Suggested To Everyone Who Is Intelligent The Use Of Statistics Is Moronic.

The Irish Turned In On Themselves And Bid Up Their Own Land Prices In The Most Extraordinary Ways... The Irish People Stepped In And Guaranteed The Banks, And Committed To Repay Sums They Can't Afford To Repay, And Essentially Committed Themselves To Generations Of Suffering.

Everything, In Retrospect, Is Obvious. But If Everything Were Obvious, Authors Of Histories Of Financial Folly Would Be Rich . . .

Incredibly, At This Critical Juncture In Financial History, After Which So Much Changed So Quickly, The Only Constraint In The Subprime Mortgage Market Was A Shortage Of People Willing To Bet Against It.