Monday, November 17, 2008

To Prevent Bubbles, Restrain the Fed - WSJ.com

In another article bemoaning the Fed, the WSJ reports some amazing statistics:To Prevent Bubbles, Restrain the Fed - WSJ.com:First on the performance of the stock market:"On Nov. 14, 2008, the Dow Jones Industrial Average closed at 8497.31. On Nov. 13, 1998, the adjusted (for dividends and split) close was 8919.59. There has been great volatility, but no net capital accumulation as measured by

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