Sabbatical Day Five

22 Jan

After three weeks without going to the gym with my personal trainer, I spent Saturday morning in a relatively intense session getting back into shape.

Finished Stockman’s book, which is a must read for anyone interested in learning how Greenspan and then Bernanke caused the bubbles and then how Bernanke and Paulson (Treasury secretary under President Bush) bailed out his Wall Street buddies.  In addition, Stockman discusses the financial engineering that that the Fed helped facilitate with its low interest rate policies.  All in all, a productive day in gathering the evidence of how the Fed damages to the US economy, while fueling mass speculation on Wall Street and in corporate America.

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