The Last Great Bubble

Tuesday, October 20, 2009, 1:18 PM
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We are now experiencing a nice, temporary reprieve in our financial markets. The very best that $10 -$20 trillion can buy.

I am actually quite thankful for this lull, as it means we have more time to square things away.

What is catching my eye these days, besides the obvious amount of liquidity sloshing through every capital market and the obscene profits being skimmed off by the Wall Street firms, is that there's really no exit strategy in place for either the fiscal or monetary authorities.  This only grows more glaringly obvious with every passing day.


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