Metzenbaum Scissors

Horrid Data: Housing, Jobs, Durable Goods

Gentlemen, relax your sphincters.

The 'bailout-as-trash-tabl... is getting stale.

While this is the end of American hegemony, on the 'day after', a farmer somewhere will have eggs to sell to someone with dollars. And so on.

Price discovery will reveal what things are worth, just like always. Maybe Manhattan will be a metaphorical smoking crater, so? They screwed up and it's time for reversion to mean.

FWIW, CNBC must exist for mouth breathing morons.

Thanks Mish for your insights.