Welcome Back To The Bubble Years

A.K.A, the "conspiracy of optimism." ZeroHedge lays it out for us:As regular readers know too well, one topic Zero Hedge enjoys ridiculing with the disdain it deserves is groupthink of any form. The phenomenon, which is nothing but transference of laziness by those who manage other people's money with complete disregard for the consequences of their actions, was among the main reasons for the...

Meanwhile, In Iraq

You remember Iraq, right? That first foothold of "revolution" in the middle east, imposed from without by the United States? They must be a stable bed of prosperity and relative calm amidst all the violence and confusion of revolution going on in that region today, right? I mean, Iraq has had an almost eight-year head start on freedom and self-governance, so that should make them way ahead of the...