Conundrum Facing The Fed

SUBHEAD: We have exceeded the maximum debt-carrying capacity in the system and are now turning to outright fraud.  

By Karl Denninger on 25 September 2009 in The Market Ticker
http://market-ticker.denninger.net/archives/1467-The-Horrible-Conundrum-Facing-The-Fed.html

 
Image above: Detail of bailout illustration by David Dees
 

1 comment :

Brad Parsons said...

Report today from CNBC:

"Compared to previous recessions, the pace of the current recovery can only be characterized as glacial..."

It's not glacial. There is no recovery. We are at the beginning of the "new normal, long emergency."

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