2012-05-04 —

The chorus against the Fed Bubble continues apace as David Einhorn rips Fed's jelly donuts policies. Rick Santelli and Fed apologist Steve Leisman discuss the Einhorn's statement. These exchanges have gone on for a few years, except now Leisman really seems to be on the defensive in a crackpot blathering rancid stale bread kind of way. Next up is Ron Paul with a classic essay, calling central bankers, "intellectually bankrupt". James Grant takes the opportunity to take another shot with strong langauge, "The Federal Reserve is the giant squid of squids, it is the vampire squid of vampire squids." This is no mercy stuff, and I think is marking the point when at last the curtain is being pulled back.

go to full article | permalink to this | forum thread | | RSS | Subscribe by email!

Comments: Be the first to add a comment

add a comment | go to forum thread