The Market Treads Water While Short-Termism Continues to Dominate
December 20, 2008 at 15:40 PM EST
The Fed push rates towards zero. The White House stretches the intent of TARP in order to bail out the automakers. Bernie Madoff dominates the headlines. What do all three things have in common? Brutally short-term thinking. Fed policy: This last leg down in Fed policy is only sure to do one thing: lay the foundations [...]
