I’ve left this link here and other places. I consider this paper: Irrational Optimism, (Dimson etal) to be a must read. Some of Barry’s readers might find it worth reading.

“The Fed made the right move at the right time and… stanched a contagion that threatened to turn a problem isolated to the real estate sector into a full blown liquidity crisis and recession… Thanks to their concerted actions, the sub-prime crisis should not turn into a recession.”

I have nothing personal against Siegel and wish him the best. But, until we start to seriously criticize and call out the completely baseless dogma spewed by these clowns, society will continue to hold onto false truths and those with something intelligence to say will never get their voices heard. That means we’ll never get this economy turned around.

But what most don’t consider is how much wealth British “royalty” owns in North America. Yeah, we won the Revolutionary War. And confiscated exactly what?

Peabody Coal. Wealth knows no national boundaries.

They’ve been sucking on our teat for centuries.

I would not buy equities now as a protection against inflation because there are currently NO inflation expectations set in business models.

When inflation starts increasing, margins take a hit due to an initial lack of pricing power and increasing costs. Stocks tank and then you get in.