you’re asking the wrong guy

The AIG brouhaha hasn’t stopped – although you’re starting to see more reasonable views of how important this issue was related to other concerns that have occupied the decision makers since last Fall. But who really knows if this was right, wrong, or somewhere in between? Do I need to know about the compensation practices on Wall Street in order to be an informed citizen? Is it even possible for someone like me to evaluate the Fed’s quantitative easing strategy and apply that knowledge in my daily life? Doubt it. There are probably about five guys who fully understand this (and I’m hoping that group includes Obama, Bernanke and Geithner). Just tell me when 30 year fixed rates get to 4 dot 5.

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