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"One should either write ruthlessly what one believes to be the truth, or else shut up."

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Saturday
Dec152012

Bubble

The upcoming documentary Bubble has posted some of the raw footage from various economic pundits used in the documentary. I will post this footage today and over the next week.
 
Today the footage is from Marc Farber. 
 
I mostly agree with Faber, but he did make one error. If you borrow money for a house and lose the house to the bank, you may still be responsible for the debt. It depends on the state. In Missouri you are responsible; in California you are not unless you refinance.

 

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