Who dares oppose an explosion?

I'm in Chicago today giving a talk in which dares to oppose Boom? Here is a copy of my presentation.

The main idea is this: many people who benefit from credit bubbles in the short term, it is impossible to oppose credit bubbles, when they start.  Have political, economic and social support.  The nature of man is to claim free money, either as consumers, entrepreneurs and politicians.  There are people willing to suspend disbelief when times are good.

All for now.  Will write more in the next two days.  Keep in mind, Japan has much larger problems than the quakes and nuclear incidents, which should give you more bullish on Japan. the current problems will fade.

Banks, Fed policy, macroeconomics, real estate and mortgages, structured products and derivatives, public policy ||

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