Be warned: the financial bubble will soon burst

And just like 2008, many will be hurt — except for the biggest gamblers.

Friends,

This isn’t an investment letter and I’m not an investment advisor. But I want to warn you. The financial economy — stocks, bonds, and their derivatives — is in for a big reality check, and I think it will happen soon.

The real economy is showing worrisome signs. Yesterday’s Commerce Department report about the U.S. economy’s performance in the …