Boubou

Government's New Credit Approach: Does the End Justify the Means?

If they manage to bully the banks into extending easy and unwise credit on cards, as they did for mortgage lenders, the banks will run into further trouble.
When they do they will need bailing out again, and they will feel justified in that the unwise actions were spurred by government pressure.
As were the hasty acquisitions under government pressure in late 2008.
And round it goes. Not a lot of wisdom these days.

Bond Expert Monday Wrap: The Market Has an Epiphany

I so agree on these feeble rationalisations for every move. ."Oil lower, on blah blah blah" . Often the next bullet comes a few hours later "Oil higher on blah blah"
As irrational factors clearly rule most of the time, and clearly no predictor or analyst knows what he is talking about, I suppose we must be a bit crazy to participate, unless we own up and say we like a bit of a gamble with the odds against us.