Monday, March 30, 2009
Hussman:On the Urgency of Restructuring Bank and Mortgage Debt, and of Abandoning Toxic Asset Purchases
Somebody at the Fed and Treasury should be listening to John Hussman, of course they aren't. My post earlier has very similar analysis as Hussmans, but his is more in-depth and provides additional background. This is essential reading for attempting to understand the current issues affecting our financial system. I know its a lot and some of it is depressing, but knowing this stuff at least gives you perspective. Something that is needed today.
I encourage you to spend the time and read my post today and this post - if you read nothing else financial, read these.
Scott Dauenhauer CFP, MSFP, AIF