With B52 Ben carpet bombing us with more money and credit (are there any bombs left?) from his new suped up plane, turbo charged by the US Bureau of Engraving and Printing (didn’t his mother teach him that patience is a virtue and price fixing is against the law), it begs and screams the question of what would our Founding Fathers think of what’s going on in our country right now:
What would they think of the Fed?
Of the influence of Congress?
Of Keynesian economics?
Of FNM, FRE, AIG and Citi?
Of our tax code and its use of it?
Of our country being run by politicians and bureaucrats instead of the private sector which the US Constitution was supposed to protect?
Of buying a home with no money down?
Of gold at $900+ and the treatment of the sacred US dollar?
Of the SEC, OTS, FDIC, FTC, FHFA, and OCC?
Of steroids in baseball?
Sorry for the digression. Jobless Claims at 8:30, Leading Economic Indicators and the Philly Fed are out at 10:00.