As I said last October, all the money in the world can be poured into the banks, and it won't matter.
Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?
We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.
Paul Krugman: It’s All About Trump’s Contempt - "The mother of all sucker punches": It’s All About Trump’s Contempt, by Paul Krugman, NY Times: For journalists covering domestic policy, this past week po...
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