Welcome. The wait is over.
We stand at a unique moment in history. The "economic boom" of the last few years is quickly being uncovered as quite the fraud built on a housing bubble driven by artificially low interest rates and amazingly stupid loan products.
But not to worry! The Plunge Protection Team is busy turning the levers to keep the balls spinning in the air and the DJIA at record highs in hopes of propelling this bubble long enough to inflate the next one. Meanwhile your dollar is losing value against every major currency in the world and hard assets of every kind and no one in power -- NO ONE -- seems to care. In fact, they're quite pleased with it.
We couldn't have chosen a more opportune time to start this blog. The Plunge Protection Team (PPT) has been whispered about and rumored about for years, but Ben Bernanke and Hank Paulson have brought this game out in the open, and it looks like the PPT will have a more active roll during Bernanke's reign of dollars than at any time since their institution under the Reagan administration.
We at The Plunge Protection Team blog will not let them do their work unnoticed. If you want to join us in tracking their movement, please subscribe today. If you are have anything to contribute to this blog please send an email to "editor" at plungeprotectionteam.com.
Let's get started!