The Fed pulled out its “nuclear” option last week when it announced coming purchases of $300 billion in long term Treasuries (and other similar extravaganzas). This is an act of total desperation.
The Bernie Madoff scandal has investors newly terrified of money manager fraud. But fraud is actually not all that hard to avoid – the real lesson goes deeper than that. “Madoff with ya money.”
Garry White’s in a fightin’ mood today. Just check out this quote from today’s Smart Commodities: “Blair didn’t have the balls to make essential decisions that would have secured our energy future”.