Dave: “Never teach a pig to sing. It wastes your time and it annoys the pig”.

Don’t get into an argument with Breezie. For one thing, he doesn’t have the first clue how to construct a factually based, coherent argument. He reads articles by Michael Shedlock, or Fleck or Krugman and then runs back here and regurgitates what he’s read and pretty much without understanding any of it.

Then, when called on the facts (or lack thereof), he resorts to thin strawman arguments or ad hominem. You’re going to find yourself going down the rabbit hole with this mental bantamweight. Trust me, it ain’t worth it. His inability to understand that Bear Stearns was an investment bank underscores my point. You’re trying to discuss finance and banking with someone that probably doesn’t know how to balance a checkbook.