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| User Info | Wells writeoff was on PRIME loans.; entered at 2007-12-02 05:50:22 | |||
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Bozonian Posts: 19236 Registered: 2007-09-01 Saratoga Springs, New York 
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That guys been ****ing up royally. What about that big position in U.S. Gypsum he took right before the housing market imploded? Something even idiots like me saw coming a year prior. Like most of these people, he is working from a set of outdated facts and obsolete market behaviors. The biggest mistake these people are making is measuring anything in dollars. The dollar is a shrinking ruler. If you measure anything with it, you better subtract 12% from your result to compensate for inflation. So far, only Peter Schiff has been right in his predictions. 2007-12-02 05:50:22
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