Those were the words that Fed chairman Ben Bernanke used to describe the financial markets (and by extension the economy) these heady spring days when everybody else with a rostrum, it seems, has pronounced the so-called liquidity crisis contained. There’s a great wish for American finance to return to business-as-usual – raking in fantastic fees for innovating new modes of tradable paper…
May 29th, 2008 | James Howard Kunstler | 3 comments | Continued
