Friday, 25 December 2009

Market moves and the lunatic fringe
IMPLODING equities, exploding credit default swaps, soaring gold and slumping oil — if, at any time over the past 18 months, it seemed that markets were in the grip of lunacy, it may be because investors are, technically, lunatics.

Bernanke Presses His Luck
Sprott Calls The Fed “A Ponzi Scheme” As Half A Trillion In Treasury Purchasers Are Unaccounted For