Scattered thoughts

First... it's time to bet the fed Won't cut... with the specter of stagflation... wall street is ready for it....

Second... Some of the AMBAC stuff I was reading was the "Good bank/Bad bank" solution... which is not what was being reported on Friday... and bad for the banks, since the "Bad bank" is the CDO portion.... But I still stick to the idea that they will have to liquidate the Muni's.

hmmm... but I also see this playing out for 3-6 months.

Joe Kiernan just said... "Actors were once seen as one step above court jester"... Well, if he knew what he was talking about he would have said "prostitute"... but here we see another sign of how wall street perpetuates the Caste system..... Yep.. no Class war there...

There is a reason they called them the "Dark Ages"... no society, or economy will ever flourish without the "peons"... and to be honest, anyone who knows anything about economics, or economic history... From the Medici, to the French Revolution, to the obscenity of the Roaring 20's which Train-Wrecked into the depression... It's just stupid, and ignorant.