ANY OBSERVER OF THE LAST SIX MONTHS WOULD BE HARD PRESS TO EXPLAIN WHAT HAPPEN...
YES ..."THE SYSTEM" WAS FLOODED WITH DOLLARS...
DESPITE IT'S ALREADY "SUFFERING" FROM HYPER-LIQUIDITY AND OBSCENE LEVERAGE ALL ALONG...
TRUE... SOME OF THE BUBBLE VALUATIONS OF ASSETS HAD "DISAPPEARED"...
BUT THE INESCAPABLE CONCLUSION FROM THE LAST SIX MONTHS...HAS TO BE THAT :
THE WORST IS YET TO COME...
THE LAST SIX MONTHS HAVE BEEN A STUDY IN DENIAL AND DESPERATION...NOT SOUND POLICY...
THE FED "MISTAKE" OVER THE LAST SIX MONTHS...OF TRYING TO CURE A BUBBLE ECONOMY.... WITH MORE LIQUIDITY WILL BE STUDIED FOR CENTURIES...
DENIAL AND DESPERATION ARE NOT REALLY "POLICIES!"
AS WE SHALL SOON DISCOVER...
