Bear Markets, Bare Markets, Bubbles, and Bullsh*t

Fraud has gone far beyond the markets of every kind and has integrated itself into our everyday way of life.

We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball… What bothers me isn’t that fraud is not nice. Or that fraud is mean. It’s because, for fifteen thousand years, fraud and short-sighted thinking have never, ever worked. Not once. Eventually, you get caught, and things go south. When the hell did we forget all that? I thought we were better than this, I really did.

-Mark Baum, 2008

I’m biased in a way few people in America nor elsewhere seem to be these days, and that’s in that I’m at least transparently biased. I’m openly admitting in my opening, that my opinions are shaped by my unique experiences, the beliefs that have derived from them, and my own way of thinking.