Monday, August 29, 2011

Victor Niederhoffer: "You Have to Hand it to Perry"

There is no modern era precedent for the Fed facing credible political opposition from within the established governing elite framework. Perry's statement had to be a game-changer for Bernanke and the Fed, as it opened an entire new attack vector on the institution's legitimacy, which is its sole true power base.
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2 comments:

  1. eahilfAugust 30, 2011 at 1:39 PM

    Bill Gross, manager of the world’s largest bond fund for Pimco, has admitted that it was a mistake to bet so heavily against the price of US government debt.

    ReplyDelete
  2. CPAugust 31, 2011 at 1:32 PM

    Time for a Credit Bubble Stocks victory lap.

    TLT is actually the ticker symbol that I have written the greatest number of posts about.
    http://www.creditbubblestocks.com/search/label/TLT

    What happened to that joker who bet me that the 30y would hit 4.55 before 3.55?

    And what happened to whydibuy?

    ReplyDelete