It always been and it always will be. Inflate or die. What school did you go to? They didn't teach you his stuff? Bugs?
Ask Landis. He's the one that brought the argument to the table as if it was some groundbreaking find.
I broke out my dow 10,000 hat. The last time I broke it out was during a democrat as president. It seems that everyone wins, Goldbugs,fixed income and even equity folks.
Nothing to do with ideology. What is the use of the market going up 10 million pts when you cant get any stock???? Are you also a retiree with an investnment account??? This could explain why you do not know how ACTIVE trading works. We need liquidity, PERIOD
Speaking of wrong, it appears Landis IS wrong. Under Bush, the Dollar peaked at 121.02 and its low was 70.69. That's a 42% drop from high to low. Now, if we take into account when Bush took office, the Dollar was 110.67 and was 84.72 when he left. That's a 23% decline. Thanks for pointing that out Dr!
It is remarkable that the forward looking libs are still talking about Bush. Nine months later and not a bit of hope or change has occured. It must be Bush's fault that Obama is a horrible leader and has failed to deliver on anything.