this guy is too too much. what a puppet. 'the real economy', is that the same as deducting food and energy from inflationary concerns? Is there a real govt, vs. a fake one? He must not have been looking at the same text as everyone else. This sounds like that kid 'handsome' doing everyone a favor by touting appl at 143. I know, I know. Efficient markets right? very efficient. If there is a problem our boys at the fed can just roll them presses. The question still remains can they print those tickets fast enough.
Had he spoken the truth....ie, we have no idea how bad this could be , but it has the potential to equal the wealth destruction of the dotcom crash of several years ago... imagine the blood bath it would have caused.
IMHO the Fed are shitting bricks. I think the subprime woes on there own are surmountable....but these things have an uncanny ability to snowball and the Fed know this.
peter schiff, of europacific capital is his equivalent in our business. He built his business around this. He has been out of US markets since 94-95. It is very bad. Chris puplava came out with a report last year which was excellent. If you can add and subtract there is tons of money to be made in the times ahead.