Monday, Dec 28, 2009
Financial crisis: brace up for more of the same
Greg Pytel: Even more uncomfortable truth
This article, commented by Stephen Herring of BDO Stoy Hayward, is even more up to date now than when it was published back in September. Pytel seems to have a really good grasp on what’s going on. Encourage you to visit his blog: the endorsements of his blog are top-drawer. Don’t be put off that some articles are a bit longish and detailed, but at the end they reveal the mechanism of a pyramid scheme that is the root cause of this crisis and his judgments has been spot-on thus far.
Posted by ant @ 04:16 PM (793 views) Add Comment
5 Comments
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1. little professor said...
Stop spamming this blog now please, Mr Taller
2. mr g said...
"commented by Stephen Herring"
Sounds a bit fishy to me.
3. devo said...
do one, little miss professor
4. devo said...
techieman's response to a point I raised earlier today, makes me think that even the most financially literate have not yet fully understood your description of our financial system as a ponzi/pyramid scheme.
5. ant said...
@little professor: I do not think you know what spam is. however your comments on merits on Pytel's blog is welcome. especially any criticism or any flaw if you can point it out.