SOMETHING ABOUT THIS CRASH DOESN'T PASS THE SMELL TEST...
S&P WAS NOT REALLY NEWS...THE END OF QE WAS THE REAL FACTOR BEHIND THE RECENT RALLY...AND PERHAPS BEHIND THE CURRENT PLUNGE...
THE PROBLEM IS THAT MORE QE IS ALMOST IMPOSSIBLE GIVEN THE GEO-ECONOMIC SITUATION...WHICH IS BAD...
INDEED BONDS SOARED...AFTER S&P...THEY DID NOT FALL...THIS PUTS THE LIE TO THE ARGUMENT THAT THE PLUNGE IS ABOUT S&P...
IN TRUTH...S&P DID AMERICANS A FAVOR...BY EXPOSING THE TEABAGGER CRANKS FOR WHAT THEY ARE...
ALL THE PROBLEMS ARE SOLVABLE IF ONLY WE COULD GET THE TEABAGGERS AND THE FOX CLOWN POSSE OFF OUR BACKS...
AND THAT SEEMS TO BE HAPPENING NOW...
I AM NOT REALLY THAT GLOOMY ABOUT WHAT HAS HAPPENED...
RAISE TAXES ON THE RICH...MODIFY ENTITLEMENTS A BIT...GET TOUGH ON CHINA...AND EXPOSE THE FOX FREAKS FOR WHAT THEY ARE....
AND A LOT OF PROBLEMS WILL BE SOLVED...
