GC046 — Financial news is like Y2k news

In the early days of the Y2k problem, there were Pollyannas and Doomers. One side said “no problem!” the other side said “this is the end of the world as we know it.” Neither side was right — we muddled through. Now the sub-prime mortgage problem looks a lot the same way to me, with very polarized opinion and little credible info in the middle. That’s what I ruminate about in this Geezercast.

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