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The Price of Everything and the Value of Nothing

From The Market Oracle
December 22, 2014 - 12:50pm

― Oscar Wilde, The Picture of Dorian Gray “There is a current set of delusions that is powerful and dangerous: that monetary debasement can be infinitely pursued without consequences; that the financial system is now solid and sound; that the low volatility and high prices of stocks, high-end real estate and bonds are real; that bonds are a safe haven; and that large financial institutions which get into trouble in the future can be unwound in a much safer way than they could be in 2008." -Paul Singer

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