The Audacity of It All
Investment advisor John Mauldin closed out the market analysis of his latest newsletter with an observation prompted by last week's news about Wall Street titan Bernie Madoff: “When I was a young man I wanted to grow up to be a science fiction writer. The real world has turned out much stranger than I could dream at that time. There are just so many things which should not be.” As the old saying goes, no truer words.
This past week was not the worst from an economic standpoint, but it was surely the...