by Richard Daughty
The Mogambo Guru Blog
The Federal Reserve, as have all the world’s central banks, has proven that it will happily create as astonishingly much cash and credit as is necessary to completely save the bond market, save the stock market, save the housing market, save the banks, save the government and save everything from everything. How wonderful!
Therefore, I have decided, after thinking about it all day, that it must be temporarily safe to venture out of the Top Secret Mogambo Bunker (TSMB) into a scary world where every economic metric is at an extreme overvaluation, and doom and destruction loom over every moment. I mean, what could go wrong?
Suddenly, almost on a whim, oh frabjous day! I found myself out, out, out of the bunker and into, into, into the sunshine. I am light as a feather!