[arete]

Maybe that is why Alan was asked to stay on at the Fed until he dies: nobody in his right mind would want the job. The economy is now brought to the brink of ruination by mammoth systemic debt loads, the fiat dollar is finally turning to trash, as is the fate of all fiat currencies, and price inflation is getting ready to make life miserable for everybody. In that terrifying milieu, what kind of idiot would want the job of Fed chairman? Your whole career will be spent in administering horrid-tasting medicine to a nation of greedy, whining morons.

Mogambo Sez: The surprising weirdness in the options market would seem to be an omen about something ugly. Very ugly.

Couple of large hedge funds finding themselves on the wrong side at the wrong time perhaps. Like being long the dollar and now forced into liquidation?

Richard W.

[arete]

FYI

Comments and opinions welcome.

Richard W.

[Ichneumon]

'In the end, everything about America was debased.' Ethics... Morality... Politics... Continuing on, the currency is debased. The budget is debased. The Constitution is debased. Even personal fitness and health is debased..."

Yes, but enough about the Clinton years...

[Billy_bob_bob]

"Let's say that the rocks of monetary and fiscal excesses will break open and release little baby inflation-Godzillas, which have insatiable, voracious appetites, plus the manners and sensitivities of rabid weasels. Sort of like Democrats."

Priceless.

[Tauzero]

"But now, after all that, you pick right now, this exact moment, to say that you can't believe one more tiny, stupid thing?"

*grin*

[Paul C. Jesup]

Bump for an very long but interesting read.