Tuesday, November 27, 2007

Ponzi Schemes are Great (When you're Ponzi)

Unless you have been living in the delta quadrant you should know that the housing market on Earth has been in a slump. Although greed is good whether you are Ferengi or Gordon Gecko the prudent investor is always cautious of those who try to guarantee returns. Look at these poor saps in Utah who were messing with the housing bull market and got the horn. Utah Housing Bust

Trading tip, when you are dealing with a market that is hard to unload assets in then you need to make sure you are not the last one out. Ponzi schemes like this show up in every bull market. If you are with a group who promises some kind of return get out.

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