Bailout:The little boy who cried wolf - at least in the eyes of the public - stood in front of a telepromter the other night and told us of dire circumstances and implications of not passing the bill being pimped by Paulson and Bernanke in Congress. The scary thing is that I believe him. I have to believe him because of my personal experience. You remember me writing about "this mess" many times over the years on the blog and in published commentary, even in a seemingly fine bull market? The market was fueled by the inflation policy of the last contraction. Therefore it was il[...]
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[Source: The Money Blogs]
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