Dr Pandey, S.N

Wall Street Breakfast: Must-Know News

Bubbles are expected. What is bad is planned fraud.The treasury/ Fed has lender of the last resort chareter. We can not expect the two to abdicate their responsibilities. One does not have to fear 1929-30. This was the time when J.M KEYNES had not come up.There is need to fine tunecheck and balance. As an Indian, bred in optimism and ceaseless work cultural inheritence, I would advice American friends to be patient, contemplate and correct what ever is either wrong and/ or abberation.