Tuesday, January 31, 2012

Atlanta Fed Pres Clueless about the Developing China Financial Collapse

According to his disclosure statement, the president of the Atlanta Fed, Dennis Lockhart,  owns shares in the Morgan Stanley China Fund.

He is already underwater in the position and the real downside hasn't even started yet.

In other words, these guys can't spot the developing downside of a central bank manipulated business cycle, even if it is headed directly at their wallet.

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