{"id":1050,"date":"2009-10-02T11:00:41","date_gmt":"2009-10-02T11:00:41","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=1050"},"modified":"2009-10-02T11:03:02","modified_gmt":"2009-10-02T11:03:02","slug":"the-bellboys-are-handing-out-stock-tips-in-the-lifts","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/the-bellboys-are-handing-out-stock-tips-in-the-lifts\/","title":{"rendered":"&#8216;The bellboys are handing out stock tips in the lifts&#8217;"},"content":{"rendered":"<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8285470.stm\"> Are markets reaching bubble proportions?<\/a><\/p>\n<p>Regular readers of our world of money blog know how I feel.  That&#8217;s not to say you can&#8217;t make money in a bubble.  Or that valuations won&#8217;t be maintained.  But I just can&#8217;t get comfortable with the massive hole in the financial system on one hand and the buoyancy of stock valuations on the other.  <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8284217.stm\">$ 3.4 trillion losses<\/a>, but <a href=\"http:\/\/newsvote.bbc.co.uk\/1\/shared\/fds\/hi\/business\/market_data\/stockmarket\/twelve_month.stm\">stock markets<\/a> and <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8286028.stm\">housing markets where they were a year ago<\/a>.  And this against a backdrop of the <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8256010.stm\">same old games<\/a> of extraordinary bonuses, moral hazard, lack of fiduciary responsibility and, for most businesses and people, very tight liquidity.<\/p>\n<p>Place your bets!<\/p>\n<p>IMF: <a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/weo\/2009\/02\/index.htm\">World Economic Outlook<\/a><\/p>\n<p>BBC: <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8284941.stm\">Rare \u00a311m gem becomes \u00a3100 rock<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are markets reaching bubble proportions? Regular readers of our world of money blog know how I feel. That&#8217;s not to say you can&#8217;t make money in a bubble. Or that valuations won&#8217;t be maintained. But I just can&#8217;t get comfortable with the massive hole in the financial system on one hand and the buoyancy of &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/the-bellboys-are-handing-out-stock-tips-in-the-lifts\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">&#8216;The bellboys are handing out stock tips in the lifts&#8217;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[24],"tags":[],"class_list":["post-1050","post","type-post","status-publish","format-standard","hentry","category-markets"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-gW","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=1050"}],"version-history":[{"count":3,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1050\/revisions"}],"predecessor-version":[{"id":1052,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1050\/revisions\/1052"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=1050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=1050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=1050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}