joes

Making Sense of the TED Spread

SO what do we do, give the keys to the treasury to the guy who was a key player in the cast of characters robbed it over the past three decades of free market madness.

You know what the markets hate more than uncertainty, the lack of trust, which is the basis for the scant amount of certainty that the market can ever deliver. Until at least a dozen guys are in jail, maybe Paulson among them, there will be no trust, ergo, no business.