<i>"But this is demonstrable nonsense. Yes, there have been media autopsies of the few notable subprime lenders who have gone belly up. More are certainly in the wings. But what makes this a systemic problem?"</i> Good question... please direct that squarely towards Bernanke and minions. Why did they cut rates 50bp today?
<i>"I don't think so, but I was frantically searching for something bullish to post..."</i> Why, that's easy enough, makloda. Just look at any commodity chart related to food or energy futures and you'll see raging bull markets in early stages of ascent. Oil, grains and gold are just getting started, 1,000% upside to go from here
I listen to him and like him a lot. He has a decent track record and I was actually thinking of getting his newsletter, but the radio program is likely enough anyway. He does not need my money.