Quote of the Day: "It's Not Punch Anymore, It's Crack"
Bravo, WCV, couldn't have said it better myself.
Bill Gross: There is no exit strategy:
Ha! Remember those quaint old days when the Fed's stated role was to "take away the punch bowl?" Well, it's not punch any more. It's crack. And your crack pusher Fed would never take it away from you.
We need to stage an intervention and now.