"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
Thursday, January 21, 2010
I Don't See Any Problems. Do You?
It is perfectly normal for the SPX not to react at all to pretty severe moves in the dollar, gold, oil and the 10 year treasury. Perfectly normal. Nothing to see here. Move along.