We live in the immediate…the urgent…the here and now…with the noise of the headlines and the blustery winds of current opinion…
Yesterday, the Dow lost 19 points. Gold lost $18.
But nobody cares what happened yesterday. People want to know what is happening right now. When they enter an elevator, they reach for their cellphones and Blackberries and check to see if they have messages…or if something important has happened.
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Economic Outlook: 5 Things that Could Happen in 2011
Nothing comes from nothing. But what comes from something?
Did you see what happened? The Fed’s holdings topped $2 trillion for the first time ever. It took 95 years to get the Fed’s holdings to $600 billion. In the space of 3 years, it has added $1.4 trillion more. That’s something.
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