bosun.j

The Fed's Last Stand: Lower Spreads vs. Default Risk

"the Fed is poised to take the biggest financial gamble in modern history, with tax-payer dollars" Sums up the whole problem pretty well. Give a drunk some money to use in Vegas and what does he care whether he wins or loses....its not his money! Damn sure gonna have a good time though won't he!

Pierced Hopes for Stock Bottoms

All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.