Monday, June 2, 2008

Confidence Trumps All

A: It’s a messed up world we live in today. With oil backing off recent highs and falling $2.50 this morning, I can see it already...’stocks surge as oil prices fall to $125/barrel’; yea, like that will save us. We have seen Moody’s admit to a flaw in its ratings’ model, which is now being investigated by the SEC because Moody’s failed to fix the error once it was detected; you mean some of those CDO’s were not AAA, wow what a surprise. It’s a world where surging commodity inflation is not seen in the data because of seasonal adjustments; you mean, it is r[...]

Read More...

[Source: The Money Blogs]

No comments: