Quote of the day: Copper-coated Lead Edition

There are times for tremendous caution, and when asset prices are supported by secrecy and outright fraud the public would be well-advised to stay well away from exposure to those parts of the market that would lead to a 50% or greater loss in a near-straight line.

Unfortunately, at present, this is essentially every asset class – except perhaps copper-coated lead.

— Karl Denninger – The Market Ticker

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One Response to Quote of the day: Copper-coated Lead Edition

  1. Old NFO says:

    Now THAT is an interesting statement 🙂

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