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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

8 Years Until the Next Crash?

Market legend George Soros spoke at a tony meeting hosted by The Economist in London. The legend of Soros is such that investors hang on his every word. While Soros commented on the bubble bailout...

The success in bailing out the system on the previous occasion led to a superbubble, except that in 2008 we used the same methods

...I really enjoyed the quip at the bottom of the Laurence Fletcher post for Reuters.

One crumb of comfort could be the 10-year period between the 1998 Asian crisis and the 2008 credit crisis. If the pattern is repeated, it should at least mean we have another 8 years to go before the next crash…

The world needs more optimists!