Business news without the bullshit
"Change of Tone"
Subscribe to RealEconTV
Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time
This is from last week when the market was looking a little wobbly.
The phrase that jumped out at me was a "change of tone."
Last week, Internet wunderkind-turned-venture capitalist Marc Andreessen finally flashed a message to his "community" that if they didn't get a handle on their "burn rates" many of them were going to be toast.
Everyone - from Silicon Valley to real estate investors to stock traders - seems to have lost sight of the fact that the "bounce" off the 2008-2009 lows was a direct result of the Fed shoveling essentially free money at its favored banks.
Here's a dictum to keep in mind:
"What can't go on forever, will not go on forever."
What happens when the tide of hot, low cost money comes in?
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.