More Fun With Borrowed Money

Were these bubbles hard to miss?

Amazingly, for most journalists, analysts, CNBC anchors etc., yes. Blogs like Bubble Markets Tracking Inventory have been covering the insanity of the housing and credit bubbles for two or more years now, and when the mainstream media finally starts to report on the issue they miss the forest for the trees. Just like the feeble, cowardly reporting (in general) by the MSM on the Iraq fiasco.

Update: http://bubbletracking.blogspot.com/2007/03/thank-you-los-angeles-times.html

*Shorting the financials (i.e., buying SKF) would probably not be the worst thing in the world to do now!

*This is not investment advice and should not be construed as such. If you buy SKF and financial stocks go up, which they usually do, you will lose money. Probably a lot of money that could've been better spent on a plasma TV.