I see Kenneth Rogoff, prof of economics at Harvard, make a point about the financial hysteria which I questioned before.
The cost of bailing out Bear Stearns and AIG is roughly equivalent to the cost of another US year in Iraq.
Sure there’s a big fuss about both. But in a reverse of my line on Big Money Making Opportunities, there has got to be attention paid to big money saving opportunities.
Look out for cost cutting on the fields of war… Like major home improvements, modern battles by Western governments are for the height of the bubble not the crash!