They are clearly overselling it, pushing it through too fast, drumming up too much fear. I do believe the markets be fucked. I also believe this is a Shock Doctrine - style tactic to make moves at a time of crisis. Now the word is "wall street as we know it is over. end of an era" — which sounds like a whitewash.
But what are these moves worth for the US Treasury and Fed ? Do they expect to profit off of it ? Or is it Hanky Panky Paulson doing a favor for his former company GS and scraping some more shit off onto the taxpayer ?
But considering how much they SEEM to want to support the dollar (right ? or do these guys really want a weaker dollar ?) this is a dollar fucking moving.
And I have to admit, as much as I protested the War in Iraq during the run up, Colon kind of had me there for a minute thinking : "gee, maybe they really do know something about them WMDs."
I have been prepared to believe that all hell really has broken lose.
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