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Reason:
The golden collapse: believe it or not, there once was a market crash where participants paid the consequences.

WHERE WERE YOU when the bubble burst, Daddy?

No, not the housing bubble (see Paul Thornton's "The War on Renters," page 19) and the ensuing wipeout at the exotic edges of the credit market, a contraction so grave that it has jeopardized such nonsubprime economies as Iceland's. Nor am I referring to the severe early-'00s overvaluation of the U.S. dollar, a now-forgotten artifact of irrational exuberance that was nonetheless obvious enough back in 2001 that even a nonanalyst like me was...

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