Out at the peak

Friday, February 10, 2006

It's different this time

I liked this Craigslist post:
1922: An acre of Florida swamp sells for $4 million. No worries. Experts proclaim "It's different this time."
1929: The Dow quadruples in just a few years. No worries. Experts proclaim "It's different this time."
1980: California real estate prices are way out of wack. No worries. Experts proclaim "It's different this time."
1988: Nikkei reaches 30,000. No worries. Experts proclaim "It's different this time."
1989: California real estate prices are way out of wack. No worries. Experts proclaim "It's different this time."
2000: Nasdaq resides at absurd levels. No worries. Experts proclaim "It's different this time."
2005: California real estate prices are way out of wack. No worries. Experts proclaim "It's different this time."

1 Comments:

Post a Comment

<< Home