"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Tuesday, March 29, 2011

Consumer Confidence Plunges - No Worries - We have the Fed

The Headline says it all - stocks shrug it off. Stocks shrug off Japan. Stocks shrug off unrest in MENA. Stocks shrug off the Housing Market woes. Stocks shrug off rising gasoline prices. Stocks shrug off the sun rising in the West and setting the East.

All you need to know is that the Fed keeps printing money.

3 comments:

  1. excess liquidity doesn't care about crisis...it still has to go somewhere

    ReplyDelete

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