July 16, 2008
The Eager Investor Masses Demand That the Fed Create a New Bubble

Leave it to The Onion to mimic reality with its usual humor. To tell you just how fantasy-like things have become, on a private email list to which I belong, a financial Austrian (who was not previously aware of The Onion) actually queried the list about this article, asking about whether or not the article was true.

I suppose, five or ten years ago, you would have thought all the recent government hearings and crisis control meetings held by the Feds were episodes of Saturday Night Live. They ain't.

Posted by Karen De Coster