Tuesday, March 25, 2008

How Stupid are People, Really?

There is a lot of talk that the actions of Benny B, over at the Fed, in subsidizing the take over of Bear Sterns By J P Morgan and providing the Wall Street banks with virtually unlimited access to capital, has broken the back of the current economic crisis. Since this happened, the mood has lightened. Commodities have sold off. The Market has advanced from its lows. The feeling is that we can see the light at the end of the tunnel.

There really are no limits, stupidity-wise.

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