« 
 »

Quote of the day: Copper-coated Lead Edition

Posted on November 23rd, 2009 by alan in Economics

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

This entry was posted on Monday, November 23rd, 2009 at 10:48 and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Quote of the day: Copper-coated Lead Edition”
  1. Old NFO says:
    November 23, 2009 at 18:43

    Now THAT is an interesting statement :-)

  2.