The QE 2 debate

According to Barton Biggs--the guy with more titles on his resume, the Fed's charter is to boost the stock market. Great--he just implicitly admitted that the Fed's job is to manipulate markets higher in order to paper over the structural problems of our economy. Two quarters of higher equity returns balance out the pending long-term destruction of the global economy. Wonderful.

Hee Haw

Barton Biggs recommends moving to the country, buying some seed, growing your own food, and buying some ammo. Barton Biggs is not a wild-eyed survivalist, but he's starting to sound like one. He has an impressive track record for financial forecasts as a former Morgan Stanley chief economist.

http://www.gurufocus.com/news.php?id=79027