Wednesday, August 11, 2010

You Mean We Need Economic Growth?

As the Ivy League Wall Street gurus try to rationalize ever higher stock prices by looking at only the companies and industries themselves, while completely ignoring the economic environment they sit in, it slowly dawns on some of them that the Keynesian stimulus has failed and no matter what the Fed or Feds do, unless it's lowering taxes and spurring genuine economic growth, nothing will rationalize higher stock prices.

I'm off to Lusk, WY, because...well...it's there.

Enjoy

the

decline.

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