Fed Up With The Fed
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets--it's crippled the entire economy.
Is anyone else fed up with the Federal Reserve? To paraphrase Irving Fisher's famous quote about the stock market just before it crashed in 1929, we've reached a permanently high plateau of Fed mismanagement, Fed worship and Fed failure.