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This weekend, I watched the Preakness Stakes horse race; as always, at Pimlico Racetrack in Baltimore.  I have never been a horse aficionado; but like most Americans, the excitement of the “Triple Crown” possesses me each Spring.  In today’s era of specialized horses – much like specialized baseball pitchers – the odds of a single horse winning both the Kentucky and Preakness sprints and the Belmont endurance race are slim.  However, we always hope to see greatness – as we did in 1973, at the MOST DOMINANT HORSE RACE EVER…

Secretariat – Belmont Stakes 1973

Typically, horse trainers are leery of racing in the Preakness against a dominant Kentucky Derby-winning horse; which explains why the Preakness typically draws far less than the 14-horse maximum…

# Of Horses Graph

This year’s derby was won by Orb; but not in particularly dominant fashion.  Though an exciting race, four other horses challenged Orb until the end; including Mylute, jockeyed by Rosie Napravik – who I believe will one day be the first female jockey to win a Triple Crown race…

Kentucky Derby 2013 Full Race | LIVE 5-4-13

When we turned the TV on Saturday afternoon, I thought it was a typo when it showed Orb’s odds as a MASSIVE 3:5; compared to the next best odds of 8:1.  In other words, the ENTIRE RACING COMMUNITY had effectively “handed the race” to Orb; as according to their collective wisdom, there was NO WAY he could lose…

2013 Preakness Stakes Graph

Before the race, the friends we had over discussed the mini HOUSING BUBBLE that has developed in our neighborhood; including numerous stories of frenzied bidding activity; realtors calling to ask if they could “make us move”; and rampant homebuilding activity…

Bill Gross: “We see Bubbles Everywhere”

In my view, an astonishing conversation to have; considering global economic data is at a post-2008 low, while global debt is at an all-time high, and inflation is surging…

Gasoline Prices Graph

…regardless of what our PRINTER-IN-CHIEF says…

Fed’s Bernanke sees no U.S. inflation risks

In other words, the most intense campaign of MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA of ALL-TIME has succeeded in blowing new, potentially NATION-KILLING bubbles; which like the late 90s stock bubble and mid-2000s real estate bubble – will inevitably end in tears…

Is there a real-estate bubble in the US?

In the end, the MASSES were wrong; as the “ORB-BUBBLE” miserably burst…

Oxbow Wins Preakness 2013: Orb Triple Crown Bid Ends at Pimlico

…just as the “AMERICA BUBBLE” did in 2000 and 2007…

Bernanke: There’s No Housing Bubble to Go Bust – October 27, 2005

…and will again – more spectacularly than ever…

This Catastrophic Situation is Entering the Terminal Phase – John Embry