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Strategies & Market Trends : The coming US dollar crisis

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To: zamboz who wrote (21762)8/4/2009 5:31:41 PM
From: ggersh3 Recommendations  Read Replies (3) of 71456
 
"And let’s not forget the banks. The KBW Bank Index has doubled since early March. With a zero short rate and a steeply upward-sloping Treasury yield curve, even a banker can make money. Financial earnings are soaring. The credit crisis is over. And the banks will earn their way out of their toxic-asset problems provided that the nerds at the Financial Accounting Standards Board (FASB) don’t resurrect mark-to-market accounting and force immediate distressed-market write-downs."

So as long as we keep the needle working, all is fine! What a KROCK, KUDLOW is!
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