Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.
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In a rare glimpse behind the closed-doors of The Federal Reserve, Chairman Ben Bernanke
released a snapshot of the economy they have been looking at for months.
After assessing the economic scene, Richard Russell, editor of the Dow Theory Letters, is convinced the economy is not fated to turn upwards towards the end of 2009. Nor, he believes, will it turn up in 2010.
Friday's GE bomb notwithstanding, the US stock market has bounced off its lows, and bulls are triumphantly proclaiming that we're off to the races aga...
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