Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager

blockquote p The First Book from in+1/i—an Essential Chronicle of Our Financial Crisis /p /blockquote p HFM: Where are you going to buy protection on the U.S. government's credit? I mean, if the U.S. defaults, iwhat bank/i is going to be able to make good on that contract? Who are you going to buy that contract from, the Martians? /p p n+1: When does this begin to feel like less of a cyclical thing, like the weather, and more of a permanent, end-of-the-world kind of thing? /p p HFM: When you see me selling apples out on the street, that's when you should go stock up on guns and ammunition. /p