A Moment of Silence

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It's enough to make one want to give up. Nothing – – – not riots, not joblessness, not foreclosures – – – seems able to fight the Treasury's commitment to asset inflation. As we pause here to consider the S&P has doubled in value since twenty-two long months ago and, for the first time since September 2, 2008, has penetrated the 1300 line, we wipe away a tear and think of what might have been.