Farley doesnt have a clue. The entire global banking system is collapsing. Look at the vol in the thirties the last time it happend. No black boxes then.
what a fucking clown. I swear the baby boomers who run this country have there heads stuck so far up there entire asses well never eve get out of this mess
santelli was saying something interesting and I think hes right. Because everyone is in so much debt and has so much leverage there is very little cash to come and buy anything.
The inflation argument is wall street BS myth to get people to overallocate to equities. They dont tell you the market could drop 60 percent in one year.
This inflation argument is such BS its crazy. Would you rather be down 50 percent or lose money in the longterm due to inflation? Its going to take a lot of inflation to get back that 50 percent.
Totally agree. What is a recovery supposed to look like from Bernankes and co's perspective? Everyone go back to burying themselves in unsustainable debt?