KerryONeal.com blog points in this post Double Wammy . . . to the latest installment from Bill Fleckenstein.

Housing bubble? and Stock Market bubble? In the key of Easy Money . . . Tap, tap, twin beasts running hand in hand with Greenspan holding the conductor's wand. (This symphony starts with a drum roll . . . and then ends with a clumsy bang.)

Two bubbles popping at one time, now that is a really hard thing to plan. It is all that much harder to know when it has popped if you have to wait for the evidence to roll in later. I suppose we could claim, like lightening and thunder, that it was an act of God. The thud or rolling thunder just rolls across the sky, and the precise targets of the intense strikes will always be someone else's problem. What tree will you stand under to get out of the rain? I hear that if you call your savings a pension that it said to be safe. . .