I can communicate halfway decently with the written word, but hedge fund manager whiz kid David Einhorn is excellent with both the written and verbal word. He does an excellent job on CNBC this morning framing the big picture issues in a calm, analytical way. If you are a gold bug, he continues to say the path points higher due to competitive debasement amongst all major currencies.
If only we had 100 of these type of minds in the Senate, one could be hopeful again of the long term outlook of the countyr.
15 minutes of cool....
As an aside he touches on the thought the Fed should raise rates - I've written countless times that the current policy is to steal from America's savers to recapitalize the banks and the debtors. I never had a firm number to put behind it but I read this weekend that bank analyst Chris Whalen has put this figure at the tune of $750 Billion annually. Think about that for a moment... savers subsidizing our banks and debtors to the tune of 3/4 of a trillion a year. Take that seniors! [Mar 31, 2010: Ben Bernanke Content to Sacrifice American Savors to Recapitalize Banks and Benefit Debtors]