"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
Friday, December 31, 2010
Happy New Year!
Happy New Year! Blow it out and have a great time!
Here is a gift for you!
Here is a present for you bears. This chart should indicate what all of you have been waiting for all year. I regretfully can not cal a top here in the face of the Fed's mandate and POMO, but in any normal instance I would most likely be doing so.This is the second chart in my chartbook.