Monday, April 20, 2009
It's here somewhere
Bubbles – in stocks, real estate, Treasuries, oil -- are only obvious in hindsight, economists tell us: You can’t recognize a bubble when you’re in one. Well, fine. Then why should anyone trust these dollar-printing, CPI-flogging Mr. Magoo impersonators to spot price inflation before magically draining away trillions in excess liquidity?
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