The Transylvania Times -

Holding The Bag - Again!

 

February 26, 2018



Monday’s ‘Markets Are Up’ letter only got it half right.

The Dow is at orbital levels.

Blame it on The Banking Crisis of 2008. Ten years later we are finally coming out of its horrific recession. The stock market’s recession ended in 2009.

Look closer. The Fed tried to stimulate loans to businesses and revive the economy by cutting interest rates, effectively to “free” for any qualified banker. These loans were supposed to go to actual job creators, but were snapped up by stock traders as free margin loans.

Fed money has been so cheap for 10 years it’s been dumb to not bor...



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