Via Rob Zurrer who writes;
Victor Davis Hanson on what I would call a “blow off top” scenario in the bull market in government employees.
OK, I am in hope ( a foolish state) that we are dealing with the equivalent of the blow off top in the Nasdaq in 2000 , and a collapse in government employees on par with…… for example Yahoo’s plunge from $130 to $3.75 in a bit more than a year. Personally, I’m glad the US is the most heavily armed citizenry in history. I won’t elaborate…..
I just remember so well the day 3Com spun off 20% of its wholly owned subsidiary Palm, and at the end of the day that 20% of Palm was trading for a greater market value than the entire listed 3Com….. which still owned 80% of Palm.
It’s that crazy.
And more crazy – Administration Proposes New Agency to Study Climate Change


