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From PonziWorld today:
The Fuse Is Already Lit
Once again, a stampede of dunces has made being an idiot look momentarily smart…
FULL DISCLOSURE: I am always long brick shitting volatility. Gamble at your own risk…
FULL DISCLOSURE: I am always long brick shitting volatility. Gamble at your own risk…
Remember back in 2007 at the very top when they were giving jumbo mortgages to illegal aliens to buy McMansions? Good times. They called that period “The Big Short”, because no one had figured out that it would all end badly.