Linda McMahon Former WWE CEO asked about the use of steroids and drugs in WWE MSNBC Morning Joe

Linda McMahon Former WWE CEO asked about the use of steroids and drugs in WWE in MSNBC Morning Joe

On February 2, 2010, MSNBC's Lawrence O'Donnell Calls Out Linda McMahon On Steroid Use In WWE

Fear Takes the Wheel By Peter Schiff

Fear Takes the Wheel By Peter Schiff


Over the past three or four years a strange phenomenon has developed in the global investment markets. With some exceptions, many asset classes, in particular domestic and foreign equities, commodities, and foreign currencies have tended to move in the same direction on a day to day basis. The mega-correlation has lasted so long that most now take it for granted. This leaves investors with relatively simple choices: when to get in to the market in general and when to park assets in cash and U.S. Treasuries.

However, few recall that this pattern is relatively new in the annals of financial history. Fewer still realize the reason for the current anomaly. From my perspective the most logical explanation is fear, which has become global, pervasive, and persistent. Traditionally, when investors fear inflation they buy stocks, commodities, gold, and foreign currencies, and sell dollars and U.S. treasuries. When they fear deflation they sell stocks, commodities, gold, and foreign currencies, and buy dollars and U.S. treasuries. The problem is that right now, no one knows which one to fear. Depending on the news the pendulum swings from one extreme to another on a daily basis.
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