If you bothered to read both the links in the post below, you no doubt caught Geoffry Batt’s reference to the oncoming Minsky moment:
What we hope to show with this exercise is that no course of action, even the one currently employed by the Fed, can continue in perpetuity: you can’t have infinitely low housing [...]

When the CDS end game plays out as an inverse return to the gold standard for the fraudulent paper pushers who claim to be the world’s “intellectual elite”:
U.S. credit default swaps currently trade in euros. After all, if the U.S. defaults, who will want payment in devalued U.S. dollars? The euro recently weakened relative to the dollar, and market [...]

Communism, Marxism, Progressivism, Fascism, Corporatism, Capitalism. These words get tossed around fairly carelessly by people who speak to very large audiences, and often, both the audience and the speaker sound like they could use a little clarification.
When the context of the dialogue enters into Socialism or Marxism, or even Progressivism, the picture often painted is [...]

What a joke. And soooo unpredictable that DOW, bouncing on such news.
Consumer Agency Within Fed Seen as Victory for Banking Industry 
Let the games begin! Invest away gambling addicts, speculate away. Be the captain of your very own info-mercial. Get rich quick - no money down - there’s something for nothing at the end of every yellow brick road - it’s [...]