On: The End of the Financial World as We Know It

[fallentimes]

The best indicator? "This time it's different."

-1980's Leverage Buyout Craze (RJR Nabisco) coupled with junk bonds

-Dotcom Bust

-Day trading

-Too much leverage (Long Term Capital Management and repeated today)

-Mortgage back securities

-People making 50k per year buying 500k homes