We had the worst credit bubble ever in American history, perhaps world history. I can't remember anytime in history when people were able to buy a house with no money down -- sometimes with no income. You don't clean out a bubble like that in six months to a year.
~ Jim Rogers, "Light-Years Ahead of the Crowd," Barron's, April 14, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment