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 (1385 views)
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5 Comments

1. little professor said...

Stop spamming this blog now please, Mr Taller

Monday, December 28, 2009 07:56PM Report Comment
 

2. mr g said...

"commented by Stephen Herring"

Sounds a bit fishy to me.

Monday, December 28, 2009 08:02PM Report Comment
 

3. devo said...

do one, little miss professor

Monday, December 28, 2009 08:02PM Report Comment
 

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.

Monday, December 28, 2009 08:09PM Report Comment
 

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.

Monday, December 28, 2009 10:49PM Report Comment
 

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