Grant, from Grant's Interest Rate Observer was on Squawk Box this morning with his shorts in a bunch, He's apoplectic that we didn't have a deflationary depression to (clear the markets). Dam* fed interfered with all the fun. In one breathe he's saying the Fed's actions delayed the recovery and in the next he's saying they did so by preventing a depression. Huh! We tried that do nothing Fed posture back in 1929 to 1939. Needed to clear the markets then, also. How'd that work out. That clown who runs Squawk Box was cheering Grant on. Dammit no depression! A good depression would have showed the workers who's boss.
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