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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (92664)	3/23/2008 5:30:13 PM
From: Tommaso	Respond to of 110194

I just got through listening to the entire thing. Don't miss any of it. When Jim Rogers gets started talking about Bernanke, Rogers becomes almost irrational in his own way as that other Jim is in his manic raving, for opposite reasons. Coxe, on the other hand, has much good to say about Bernanke. To me, this is a novel view; I am in the midst of a Bernanke-revulsion. Coxe makes me realize that I need to reconsider. I find myself thinking about all the middlemen who have marketed and packaged these now-worthless CDOs, etc., and taken huge fees and bonuses for swindling people on both sides of the trade. And so to me, Bernanke looks like someone who is handing out pardons to criminals indiscriminately. But Coxe sees Bernanke as acting to prevent the whole system of national and international credit and banking from collapsing, and doing so with a lot of intelligence and guts. Coxe also thinks that eventually (weeks, months? he didn't say) the financials will resume their ruinous decline and commodities will resume their bull market. But those of us who are positioned for that resumption may have to sit around feeling stupid for longer than we like.