The Phaserl


Yes, Virginia, There Is a Santa Claus

by Anthony Wile, The Daily Bell:

The following essay was published by The Daily Bell on December 25, 2009 and remains a favorite of ours. It’s called, “Yes, Virginia, There Is a Santa Claus.”

The Federal Reserve and Congress are acting as our collective Santa Claus as we celebrate this Christmas holiday. It is their determination to stuff the stock market full of cash and questionable securities products that will likely keep a financial holiday season percolating for much of the next year at least and perhaps longer.

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