Then the price of every other asset is also a fake price -- Commentator on CNBC just now. Of course you think this is great right now with the DOW up 200+ points, right?
Oh, the truth keeps coming: -- "all that is happening is pulling forward activity and encourages excessive leverage." (gee, who's said that for the last 8 years?)
He also just brought up the damage pension funds take in their laddered portfolios.
Peter...... oh my......
Update: Watch the segment here...