Question of the Day: When does the Federal Reserve, like Znga, lose all credibility?
I was watching Europe while their markets were open, and it was not pretty. At one point, DOW futures were down nearly 100 points. I thought to myself, "The powers that be will never allow a bad Wednesday opening in New York, as that would hint at serious contagion." Sure enough, the futures market miraculously recovered this morning. I propose that the Federal Reserve actively participates in the futures market through front men. This most certainly should raise some eyebrows, and anyone naive enough to believe in our Constitution. This game--this charade--is rapidly coming to a close. Watch out below.