WHAT WILL TOMORROW BRING.... YOU'D HAVE TO ASSUME THAT BERNANKE IS STAYING LATE AT THE OFFICE TONIGHT...AND THAT THE BIG BROKERAGES ARE TYING TO KEEP THE MARKET'S LIQUID...AND OUT OF FREE FALL...
BUT THERE IS A LOT OF TOXIC STUFF IN THE SYSTEM THAT HAS BEEN ALLOWED TO BUILD UP FOR YEARS...DECADES EVEN...
THE CARRY TRADES FOR ONE...AND THE "STRUCTURAL" TRADE DEFICIT... AND THE BLOATED AND WEAK DOLLAR FOR ANOTHER....
ALL THIS OCCURRED DURING THE "BIG EASY" MONEY DAZE OF THE FED...UNDER BOTH GREENSPAN AND BERNANKE...
