saturday matinee, page-28

"The Fed is trying to defy Natural Selection."


The Fed's job is to look after the real economy, ie jobs and prices.
From time to time there is a financial crisis.
It gets fixed.
Thats how things are done.
Those who have more than 5 minutes experience in the markets will recall that we have had issues as big, if not bigger than subprime in the past.
To name but a few, there was the Savings and Loans bail out in the 80's and only 10 years ago we had the Asian stockmarket and currency meltdowns, sovereign debt defaults in Russia and most of Latin America.
Things got fixed.
The world gets on with the real economy.
Its Natural.



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