Wednesday, June 01, 2011

You Aren't The World

This won't happen.
“There is one bet right now: Bernanke will bail out the world,” said Brian Kelly of Brian Kelly Capital. “If that does not happen, then no investment will be safe.”

Bernanke won't bail out the world. He might bail out certain extra large financial institutions, including foreign ones, and the people they employ at absurdly inflated salaries. He might bail out the investors in certain classes of financial assets. The rest of us, not so much.