"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
World Liquidity Crisis Emerging
"The central banks will ultimately fail re inflating financial markets. I do not believe they can either save market sentiment in ?07, nor overcome consumer sentiment that is falling like a stone right after the stock crashes of the last weeks. In my judgment, we are possibly right at the cusp of a stock decline of the magnitude of the 1929 stock crash sometime this year." By Chris Laird. I listen to this guy because he tends to be correct.
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