Debt Bubble. Smart Car. Ivy League MBA Wall Street if you want to be a banker.

Bank failures, bubbles, and most economic news are not relevant unless you are borrowing or lending too much. Convert all physical wealth to Sacagawea dollar coins and bury them in the desert – genuine legal tender if you need them in the future and no bankrupt bank can seize them. If you want to be a Banker you need an Ivy League MBA or similar (“human capital” wealth, not physical capital). Move to New York City and live in your leased Benz Smart Car while getting an MBA in Finance from NYU which is downtown Wall Street headquarters of American Finance Association. Professor Altman teaches there and has a new working paper on what he thinks is a Credit Bubble

are we in the midst of an inflating credit bubble and, if so, when is it likely that the bubble will burst? Bubble theories and concerns are becoming quite common these days for several asset classes, prompting discussions and warnings, including those from regulators


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s