- Like it or not (Americans have become so sensitive to being politically incorrect that they are not expressing their real feelings), this Professor was highly accurate in his assessment of those “in the wagon” and those of us left “pulling the wagon”. We’re a lot closer to the wagon grinding to a halt than most think.
- The “Don’t Worry, Be Happy” crowd on Wall Street has led their sheep into thinking both the economy and employment picture is a lot prettier than it really is. The day of reckoning is near and the repercussions from this terrible misjudgment shall be both harsh and long-lasting.
- If selling bad mortgages (and taking the other side) and front running orders wasn’t enough, we now know financial institutions were rigging the currency markets. But the public-at-large still thinks they can beat the markets. Their tombstone shall read: