WHAT THE MARKET SEEMS TO BE SUFFERING FROM A AN ATTACK OF RATIONAL EXUBERANCE.... AFTER DECADES OF IRRATIONAL EXUBERANCE...
SO THE FED IS TRYING TO USE MONETARY POLICY TO BRING BACK THE "BUBBLE THINKING"....
THE ONLY PROBLEM IS THAT RATIONAL THINKING IS HARDER TO CHANGE THAN IRRATIONAL THINKING...
ESSENTIALLY WE ARE HAVING A RARE MOMENT OF CLEAR THINKING...!!
WE ARE NO LONGER TEMPTED BY BERNANKE'S OVERFLOWING PUNCH BOWL!
AMAZINGLY BERNANKE ADMITS THAT THE MOST IRRATIONAL RISK TAKERS RECENTLY WERE THE 'TOO BIG TO FAIL' BANKS...!!
CAN YOU REHABILITATE A ZOMBIE...OR BEST JUST LET IT DIE...?
