“We are watching the biggest panic in global financial markets that has occurred in my 65 years of life and 50 years of stock, bond and commodities investing.” These sobering words come from one of our heroes, Monty Guild, in a bulletin he just released. Look at what’s happening: The Fed has taken the extraordinary [...]
Filed under: Markets & Economy, Mayhem | 2 Comments »
Warren warned us five years ago. The idiots and their OTC derivatives will kill us all. They just killed Bear Stearns. (The Fed/Chase had to suddenly bail out the 85 year-old investment bank and, more importantly, primary dealer in US Gov’t bonds.) JPMorgan Chase helps the Fed delay (not avoid, mind you) the financial meltdown [...]
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