Has Helicopter Bernanke successfully engineered the beginning of Next Great Bubble? He told us what he was going to do, and then he did it. Screw moral hazard, it's too-low-rate party time.
Bubble after bubble after bubble.... How else are Americans supposed to make money?
And remember, houses are not stocks. It's the P/E stupid. It's always the P/E.
Drudge: Buffett Says Worst of Crisis Over for Wall Street, Individuals May Suffer...
May 3 (Bloomberg) -- Warren Buffett, chief executive officer of Berkshire Hathaway Inc., said the global credit crunch has eased for bankers, and the Federal Reserve probably averted more failures by helping to rescue Bear Stearns Cos.
``The worst of the crisis in Wall Street is over,'' Buffett said today.
May 03, 2008
Posted by blogger at 5/03/2008