Meanwhile “the few” keep wondering why “the lot” keep believing we’re so screwed – terrified in part that when “they” finally realise “It’s a bull market, stupid” things could quickly erode into euphoric bubbles.
The dire straits economic doomsday band continues to crank out the hits…
I wrote the following comments in August 2005 (over 12 years ago) and, with a bit of tweaking, they could easily be written into most any financial news article today.
Jim Mellon is a billionaire businessman, investor, author and friend, and has been described as the UK’s equivalent of Warren Buffett. But don’t say that to him. He’s made it very clear: “I don’t want to spend my life drinking Cherry Coke and living in the same house I bought in the 1950s.”