Stupidity rules (Monday edition) …
Stupidity still rules … here comes why …
- AIG … AIG’s CEO justified bonus payments by telling that otherwise “top talent” would leave the company … RIDICULOUS!
- CNBC … All day talking heads were emphasizing the 5th(!) straight up session … then market closed down … what do they do? They find it positive, as last time, we had this kind of a rallye, markets sold off 9% on day 6 … RIDICULOUS!
- Bernanke … He tells everybody, that recession will end 2009. Ok 
After denying for 1 year, that we are in a recession already, he … after 15 months of recession … is sure, it has run long enough? Does it mean, that he will tell us in 2011, that unfortunately we did not end it in 2009? Or is his call just as good as his take on “subprime” (Might cost UP TO 150 bln$)??? RIDICULOUS!
Trust me … I could go on …
As long as this society continues this way … Please Lord … let them fail
