Woods is an End The Fed guy, so a lot of what he says on this topic is a bit off the beaten track. That said, though, he’s a brilliant guy with a lot of history on his side.
And his take on The Ben Bernank is about as solid as you can get.
This post was written by MacAoidh on Wednesday, December 22, 2010, 21:16. MacAoidh has written 8031 posts on this blog.
“We simply don’t mind that Google and Amazon rake in billions, but we despise Exxon and Archer Daniels Midland for doing the same. It is not that we need social networking and Internet searches more than food and fuel, but rather that we have the impression that cool zillionaires in flipflops are good while uncool ones in wingtips are quite bad.”