THE NOTION THAT THE LIQUIDITY IS FLOWING AGAIN IS JUST NONSENSE...
THERE WAS A BRIEF LULL WHILE THE FED TRASHED THE DOLLAR LAST WEEK...
BUT THE UNDERLYING TREND IS DOWN...THE WEAK DOLLAR IS NOT A FRIEND OF THE BOND MARKET...OR THE STOCK MARKET.
AT THESE "NEAR TERM" POINTS THE BULLSHIT LEVEL INCREASES CONSIDERABLY...BUT THE BIG MACRO PICTURE HAS NOT CHANGED...THAT WOULD REQUIRE COURAGE AND THE ABILITY TO THINK ABOUT THE BIG PICTURE...NOT JUST RESTORING THE ASSET BUBBLES...YET AGAIN!!
