Madness On Both Ends Of The Acela Corridor

As we said yesterday, the central bank enablers have fostered madness at both ends of the Acela Corridor, and it’s an especially virulent kind of madness because it is two-pronged: The Fed’s torrent of bond-buying and liquidity has unleashed Wall Street speculators and Washington’s free stuff dispensers alike–and like never before. The stock market has […]