Bonus Episode: "No one really wanted to listen"

I've been reading Nomi Prins' Other People's Money: The Corporate Mugging of America, which was published in 2004. (My paperback version has an update from 2006.) So the material pre-dates The Great Recession and provides an important remembrance of the insanity that was the late 90s/early 00s.

From page 7 of the paperback:
"Robert Schiller of Yale University and Irrational Exuberance fame spoke after lunch. His cautionary talk, supported by slides depicting graphs of lowered profitability and other financial health indicators, was challenged by the room. A series of grilling questions poking apart his argument followed. Though Schiller delineated clear reasons why the market was overinflated, no one really wanted to listen."

Sound familiar? For some people, you could present all the evidence in the world and they'd still argue to be wrong. To quote Dr. Stuart Woolley, "The turkeys don't even realise that they're voting for their own Christmas."

Links:

https://www.amazon.com/Other-Peoples-Money-Corporate-Mugging-ebook/dp/B0041G6RTW

https://en.wikipedia.org/wiki/Henry_Paulson

https://www.buzzsprout.com/1125110/12031473

https://www.epi.org/publication/ceo-pay-in-2021/

https://themortgagereports.com/61853/30-year-mortgage-rates-chart

https://causeyconsultingllc.com/2023/02/24/gordon-gekko-tried-to-tell-you/

https://causeyconsultingllc.com/2023/01/04/old-rich-white-dudes-think-youre-a-bunch-of-whiners/

https://www.investopedia.com/articles/03/071603.asp


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/