Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Red> Even with the coupon pass its

a drain. The FED is really in deep. They have "painted" themselves into a corner. To keep rates low with these coming government deficits they'll have to pass some whoppers. AG really was bitching at Congress about the deficit spending recently. He spent at least 50% of his time lecturing them on fiscal policy, while completely ignoring and not bothering to explain why his loose monetary policy is failing to bring about a full employment economy that will keep tax receipts flush. Make no mistake, tax receipts are plunging.

Gold is up shifting today. I think "Sham"u (DOW) took the fish and is ready for splash down. Get as far away as you can from the "tank".