hpski

Bernanke: Economic Growth Won't Last

Two things:

1. Don't fight the Fed - look for oversold situations in great companies immersing themselves in global markets.
2. Every day I get unsolicited mail from banks, mortgage companies, begging me to refinance, open a ELC, write teaser rate checks against CC accounts, car lease specials, etc. I haven't had "earned income" for 2 years. My take on this, merged with watching GE's CEO on Charlie Rose last night, is that there is still plenty of liquidity - the "credit crisis' is basically the ugly ducklings in the secondary mortgage security market being thrown out of the nest.