Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I think the fed has successfully averted a melt down and got a soft landing, the penalty is a lengthy period of sub par" economic growth, the alternative would have been a sudden dislocation, 10% plus unemployment, major economic contraction lasting possibly three or more years and associated with that, budget deficits in the $600 B to $800 B annually and waves of bankruptcies. I think the former is causing less misery to the majority of people and thus it is better than the latter. Just added TARO here at $56.24.