Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Greenspan gave a speech on uncertainity

and monetary policy in Jackson Hole.

IMHO, very few folks, realize how close we are to a chaotic
implosion of the financial system, which is built on the
ability of the global financial intermediaters to expand
debt at an ever growing and increasing pace. There is weakness in the system, for it is taking larger and larger amounts of debt, to move up the GDP a given percent. Is the debt rocket and credit expansion reaching its apex? Have we finally spent ourselves out? Time will tale.