laddering frank quattrone over at credit suisse and blodget henry blodget over there or wherever he was working and mary meeker. they created this extraordinary tech dot com bubble those riven by delusions that had a sub prime collapse which was driven by sucking in a lot of pension money and institutional money in to what was essentially a absolutely sellable unconscionable garbage this bubble this epic twenty fourteen bubble you could call to sovereign bond bubble with spanish bonds trading at all time highs with british gilts or sovereigns trading at three hundred year highs with american sovereign debt trading near two hundred forty year highs this is a bubble driven by central banks a coordinated effort by central banks mario draghi of the time over there d.c.p. is the guy who's buying those spanish bonds buying those european sovereign bonds increasing the balance sheet of the central bank in europe to equal the balance sheet of the federal reserve bank and the bank of england where they're taking on trillions of dollars euros yen of course bank of tokyo being the granddaddy of al