Daily Reading on the Financial Markets: 8/12/11
Dylan Ratigan suggests that the lack of a shared political purpose is central to the problems crippling America.
This is fantastic. A Dylan Ratigan rant about our “bought” political system. He loses his mind starting at about 4:40, at 6:30 and 8:00 in the video clip (it is also referenced in the above article).
Chris Kimble notes that current levels of volatility have often led to rallies, at least in the short term.
No surprise, but Warren Buffet says he’s buying.
Michael Bayed says the Fed guaranteeing two more years of ZIRP forewarns us of (continued) coming deflation.