1.11.2010

Falling out of love

JDA on her former favorite Fedhead Jeffrey Lacker failing to address...
the real problem, which is the shift from a private sector driven economy to a fully-socialized government-fueled farce of a recovery. Of course, this wouldn't normally be a problem if it were temporary or if we weren't already some $12 trillion in the hole to foreign creditors who are no longer interested in funding our reckless deficits and printing problems.

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Seems legit

WSJ : Calpers’ stock portfolio returned minus 13.1%, while bonds returned minus 14.5%, the pension fund said. Those losses delivered a doub...