House of Paine

brass head -think

below find 
a huge  gob

 doubtless
  you'd
find its kissin cousin
  inside many 
a capshow acolyte's  
             mental spitoonery 



======================================


 nyt op  ed 

"In so many words, 
Mr. Greenspan promised 
that the Fed would make money cheaper
 and more plentiful 
than 
it would otherwise be.

 He would override 
the market's judgment
 with his own.

 Nobody in earshot quoted 
the words 
of the German central banker
 Hjalmar Schacht,
 who protested in 1927:
 "Don't give me a low rate.
 Give me a true rate,
 and then I shall know 
how to put my house in order."

" Interest rates are the traffic lights
 of a market economy. 
To investors, 
they signal when to go 
and when to stop.
 Under the Fed's bubble recovery program,
 every interest-rate light turned green."