Saturday, May 3, 2008

DOW CEILING HIT...or BENANKE'S NEW BUBBLE

THE NOTION THAT WIEMAR BEN WILL CONTINUE TO PRINT MONEY LIKE THERE IS NO TOMORROW...IN THE FACE OF A NEW RECORD HIGH IN DOW STOCKS ...

IS JUST NUTS...BUT THEN "JUST NUTS" IS KINDA "NORMAL" THESE DAZE!

THE FED WILL HAVE TO PULL SOME SUPPORT AWAY FROM WALL STREET JUST TO STOP THIS NEW ASSET INFLATION...

WHICH--- ODDLY--- IT ALL BUT MANDATED BY STUFFING THE INVESTMENT BANKS WITH PLEANTY OF NEW BERNANKE CYBER-PESOS ---SUPPOSEDLY...TO "COMBAT" THE MORTGAGE DEFAULT MESS....

WELL YOU CAN'T...CURE ONE BUBBLE BY STARTING ANOTHER...THAT SHOULD BE THE LESSON OF THE 1990'S...

BUT ALAS, WE FORGOT...

AND SO SOON!!